Iranian Oil

President Trump frequently contradicts himself, sometimes in the same speech, social media post or even sentence. On Friday, he sent a torrent of mixed signals about the Iran war that raise more questions about the direction of the conflict and his administration’s strategy.

Within a few hours, Trump said he was considering winding down the war, his administration confirmed it was sending more troops to the Middle East and, in an effort to lessen the economic influence on global energy markets, the United States lifted sanctions on some Iranian oil for the first time in decades — relieving some of the pressure that Washington traditionally has used as leverage.

The confusing combination of actions deepens a sense among Trump’s critics that there is no clear, long-term strategy for the war the U.S. and Israel launched against Iran. Now in its fourth week, the war remains on an unpredictable path and a credible endgame is unclear as the global economy is being roiled.

‘Winding down’ the war

After another rough day in the financial markets, Trump said Friday afternoon on his social media network: “We are getting very close to meeting our objectives as we consider winding down our great Military efforts in the Middle East.”

Trump contended that the U.S. has adequately degraded Iranian naval, missile and industrial capacity and prevented Tehran from acquiring a nuclear weapon.

The president then suggested the U.S. could pull out of the conflict without stabilizing the Strait of Hormuz, the channel through which about one-fifth of the world’s oil supply travels. The strait has been ravaged by Iranian missile, drone and mine attacks during the war.

“The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it — The United States does not!” Trump wrote. But, in another contradiction, he said the U.S. would help if asked, “but it shouldn’t be necessary once Iran’s threat is eradicated.”

While oil that traverses the strait is usually bound for Asia and other places rather than North America, the chaos still affects the United States. Oil is bought and sold globally, so a shortage in oil for Asian countries leads to bidding up prices on oil sold to companies in America too.

That fact, coupled with an Israeli strike on Iran’s gas fields and an Iranian retaliation that crippled a major terminal to ship liquefied natural gas from Qatar, helped tank U.S. equity markets Friday, with the S&P dropping 1.5%. There also was a sharp increase in U.S. fuel prices.

More troops to the war zone

Even as Trump said the U.S. was close to winding down the war, his administration announced it was sending three more warships to the Middle East with about 2,500 additional Marines. It was the second time in a week that the administration said it was deploying more forces to the war zone. The military says some 50,000 are supporting the war effort.

Trump has often said he has ruled out sending in ground troops, but not always, and his administration has hinted at a possible deployment of special forces or similar units.

The Marines being sent to the region are an expeditionary unit designed for quick amphibious landings, but their deployment does not mean a ground invasion is certain. Analysts have suggested the presence of U.S. forces on the ground may be needed to ultimately secure the strait.

The surge in troops came just a day after news emerged that the Pentagon was seeking an additional $200 billion from Congress to fund the war. That extraordinarily high figure does not suggest that the war was winding down.

Lifting some sanctions on Iran

The administration said it would lift sanctions on the sale of Iranian oil, provided it was already at sea as of Friday. The move was an attempt to help lower skyrocketing energy prices by allowing freer sale of oil that Iran has let pass through the strait. It also extends a financial lifeline to the Iranian government that Trump is targeting.

His administration has tried other methods to lower oil prices. It has tapped the U.S. strategic petroleum reserve and lifted sanctions on some Russian oil. Yet Brent crude remained at $112 per barrel Friday, and analysts say oil prices are likely to remain high for months regardless of the next steps in the war.

The Iranian oil eventually would have reached another country, but now the United States and its allies can bid on it as well, Treasury Secretary Scott Bessent wrote on X.

“At present, sanctioned Iranian oil is being hoarded by China on the cheap,” Bessent wrote. “By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran.”

While 140 million barrels may seem like a lot, that is only a couple of days’ worth of oil on the global market.

Patrick De Haan, the head of petroleum analysis at GasBuddy, a U.S. fuel-tracking service, said he does not expect the temporary suspension to have a major influence on gas prices. The de facto closure of the strait has a much greater effect, he said. “Prices will likely still continue to rise so long as the Strait remains silent,” De Haan said.

And the contradictions in the position were obvious in Bessent’s post announcing the move, which labeled Iran “the head of the snake for global terrorism.” He said the administration would take steps to prevent Tehran from cashing in on the sales, but it was unclear how that would be done.

Even among some Republicans, the contradictions triggered rare public skepticism.

“Bombing Iran with one hand and buying Iran oil with the other,” South Carolina Rep. Nancy Mace posted on X on Saturday.

Riccardi writes for the Associated Press. AP business writer Dee-Ann Durbin in Ann Arbor, Mich., contributed to this report.

March 17 (UPI) — President Donald Trump told reporters Tuesday that he has delayed his trip to China for “five or six weeks” to focus on the war against Iran.

Trump told the Financial Times Sunday that he would postpone the trip if Chinese President Xi Jinping wouldn’t help secure the Strait of Hormuz.

“It’s only appropriate that people who are the beneficiaries of the Strait will help to make sure that nothing bad happens there,” Trump said. He said that 90% of China’s oil comes from the Middle East.

“We’re resetting the meeting, and it looks like it’ll take place in about five weeks,” Trump said. “We’re working with China. They were fine with it.”

The trip was scheduled for March 31 to April 2 and focused on trade.

Treasury Secretary Scott Bessent said Monday that “we will see whether the visit takes place as scheduled,” adding that if the trip were delayed, “it wouldn’t be delayed because the president’s demanded that China police the Straits of Hormuz,” NBC News reported.

After Bessent’s comments, White House press secretary Karoline Leavitt told Fox News that the president’s “utmost responsibility right now as commander in chief is to ensure the continued success of Operation Epic Fury, as he’s doing 24/7 here at the White House and here at home.”

Official Chinese customs data show that in 2025, China got less than half of its oil from the Middle East. Russia supplied just under one-fifth of China’s oil, and sanctioned Iranian oil accounted for 11.5 %.

March 6 (UPI) — Russia is helping Iran by giving it intelligence on American troops, ships and aircraft during the U.S. and Israeli assault on the Middle Eastern nation.

The intelligence Iran has received on potential U.S. targets in the region — naval vessels, military bases and the locations of other American assets — has largely been provided using Russia’s massive space-based surveillance apparatus, CNN reported.

It remains unclear exactly what or how much Russia has helped Iran with but The Washington Post, which was the first to report that one of the United States’ longest-running adversaries is assisting the Iranian regime, reported that one its sources said the assistance “does seem like it’s a pretty comprehensive effort.”

Additionally, sources told NBC News that the intelligence could potentially be used to help Iran locate American assets in the region, though there has been no indication that Russia has actually helped direct Iranian attacks against U.S. interests there.

One source that was briefed on the intelligence reported by all three news organizations told CNN that despite Russia’s appearance that it is staying out of the widening conflict in the Middle East, it “still likes Iran very much.”

Dara Massicot, expert on the Russian military at the Carnegie Endowment for International Peace, told The Post that Iran’s “very precise hits on early warning radars or over-the-horizon radars” indicated they were methodically targeting U.S. assets in an effort to undermine American command and control.

When asked by reporters on Friday, President Donald Trump replied that the U.S. is doing “very well” in its plans against Iran and said it was “a stupid question … to be asking at this time.”

“Somebody said, how would you score it from zero to 10?,” NBC News reported Trump said. “I’d give it a 12 to a 15. Their army is gone. … Their navy is gone. Their communications are gone. Their leaders are gone. Two sets of their leaders are gone. They’re down to their third set. Their air force is wiped out entirely. Think of it.”

U.S. intelligence also reportedly suggests that China is considering getting involved in the conflict, with financial assistance, spare parts and missile components potentially being on the table as it worries about access to Iranian oil that it heavily relies on.