Trump Considers Iran Strikes: Oil Prices & Military Buildup Rise

Sofia, Bulgaria – As tensions continue to escalate in the Middle East, former U.S. President Donald Trump has indicated he is considering limited military strikes against Iran, citing concerns over its nuclear program. The pronouncement, made Friday during a breakfast with U.S. Governors, follows a pattern of increasingly assertive rhetoric from Trump regarding Tehran and a significant U.S. Military buildup in the region. The potential for military action has already sent ripples through global markets, particularly impacting oil prices, and raises serious questions about the future of regional stability.

Trump stated, “I guess I can say I am considering that,” when questioned about the possibility of strikes, adding that a decision on whether to attack Iran would be made within the next 10 to 15 days. This comes after he warned on Thursday that any deal with Iran must be “meaningful,” or “bad things will happen.” The former president has previously characterized a potential attack on Iran as being “far worse” than the limited strikes conducted by the U.S. In June 2026 against Iranian nuclear facilities, a move that significantly heightened tensions.

Escalating Military Presence and Regional Concerns

The backdrop to Trump’s statements is a substantial increase in U.S. Military assets deployed to the Middle East. The USS Abraham Lincoln aircraft carrier strike group is currently operating in the region, and the USS Gerald R. Ford, the newest and most advanced U.S. Aircraft carrier, is en route to the Mediterranean Sea, potentially positioning it for action within days. According to reporting from the Indian Express, the USS Abraham Lincoln’s location was confirmed via satellite imagery as being near Iran as of February 19, 2026. This deployment, described by Trump as an “armada,” is intended to signal resolve and deter further Iranian actions, but also carries the inherent risk of miscalculation and escalation.

The buildup isn’t limited to naval assets. A surge of U.S. Military aircraft is also being directed to Europe and the Middle East, further amplifying the sense of impending action. While President Trump has not yet made a final decision on launching a strike, top national security officials have reportedly informed him that the U.S. Military is prepared to act as soon as this weekend, though sources indicate the timeline may extend beyond that initial timeframe. The situation remains fluid and highly sensitive.

Oil Markets React to Heightened Tensions

The prospect of military conflict has already impacted global oil markets. Oil prices, which had been rallying throughout the week, remained stable on Friday, February 21, 2026, but the underlying anxiety is palpable. U.S. Crude oil fell 4 cents to close at $66.39 per barrel, while the global benchmark Brent crude rose 10 cents to settle at $71.76 per barrel, according to CNBC reporting. The primary concern is the potential for disruption to oil flows through the Strait of Hormuz, a critical chokepoint for global energy supplies.

The Strait of Hormuz is a narrow waterway through which a significant portion of the world’s oil passes. In 2025, over 14 million barrels of oil and condensates transited the strait daily, representing approximately one-third of total worldwide seaborne oil exports, as reported by the consulting firm Kpler. Approximately three-quarters of this oil is destined for major Asian economies, including China, India, Japan, and South Korea, making the region particularly vulnerable to any disruption in supply. A prolonged conflict could lead to a substantial increase in oil prices, with potentially far-reaching economic consequences.

Historical Context and Trump’s Previous Actions

This latest escalation builds upon a history of strained relations between the U.S. And Iran. In June 2026, the U.S. Launched strikes against three Iranian nuclear sites using bunker-busting bombs and cruise missiles, an action Trump boasted had “obliterated” the facilities. He has repeatedly warned Iran against rebuilding its nuclear capabilities. More recently, Trump threatened intervention following the reported killings of thousands of protesters in Iran, and his administration imposed sanctions on top Iranian officials deemed responsible for the crackdown on demonstrations. A 25% tariff was announced on any country conducting business with Iran, further isolating the Islamic Republic economically.

The current situation echoes previous instances of heightened tension. In January 2026, Trump spoke of a “great armada” heading to Iran, specifically referencing the USS Abraham Lincoln and its carrier strike group. This announcement, coupled with his warnings, signaled a willingness to use military force to pressure Iran. The recent deployment of the USS Gerald R. Ford adds another layer of complexity and underscores the seriousness of the situation. The U.S. Navy activated the Automatic Identification System (AIS) on the USS Gerald R. Ford, making its location visible to the public and, crucially, to Iran, a move interpreted as a deliberate display of force.

The Nuclear Program and Ongoing Negotiations

At the heart of the escalating tensions lies Iran’s nuclear program. The U.S. Withdrawal from the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal, in 2018, under the Trump administration, led to a resurgence of Iran’s nuclear activities. While Iran maintains its nuclear program is for peaceful purposes, the U.S. And other nations fear it could be used to develop nuclear weapons. Trump has repeatedly called for Iran to negotiate a latest deal, one that he deems “fair and equitable,” but negotiations have stalled, and the prospects for a diplomatic resolution appear increasingly dim.

Trump’s recent statements suggest a willingness to pursue military options if Iran does not return to the negotiating table. However, the risks associated with a military strike are substantial. Beyond the immediate consequences of conflict, a military intervention could destabilize the entire region, potentially drawing in other actors and leading to a wider war. The potential for miscalculation and unintended consequences is significant, and the humanitarian cost could be immense.

What Happens Next?

The next 10 to 15 days are critical. President Trump has indicated he will make a decision during this period regarding a potential military strike against Iran. The situation remains highly volatile, and the possibility of escalation cannot be ruled out. Diplomatic efforts to de-escalate tensions and resume negotiations are ongoing, but their success is far from guaranteed. The world is watching closely, bracing for a potentially significant shift in the geopolitical landscape of the Middle East.

The international community is urging restraint and calling for a peaceful resolution to the crisis. However, with both sides seemingly entrenched in their positions, the path forward remains uncertain. The coming days will be crucial in determining whether a military confrontation can be averted and a diplomatic solution can be found.

This is a developing story. World Today Journal will continue to provide updates as they become available.

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