The i Paper
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28th February 2026
Trump says oil soaring past $100 a barrel is 'small price to pay for peace'
Donald Trump has said oil prices will drop once the conflict in Iran ends, after costs eclipsed $100 per barrel for the first time in more than three and a half years.
The US President said “short term” spikes were a “very small price to pay” for safety and peace, adding “only fools would think differently”.
Separately, Iran’s Assembly of Experts has named Mojtaba Khamenei to replace his father, Ayatollah Ali Khamenei, as the country’s new supreme leader, state media reported o...