March 5, 2026

US oil tops $80 a barrel for first time since January 2025. White House tapping advisors for ideas on lowering gasoline prices in wake of US attack on Iran.

President Trump told Axios in an interview Thursday that he needs to be personally involved in selecting Iran’s next leader — just as he was in Venezuela.

 

US oil prices surge past $80 a barrel for the first time since January 2025 amid escalating tensions after a US attack on Iran, prompting the White House to seek solutions to lower gasoline costs. President Trump insists on personally influencing Iran’s leadership transition, echoing his approach in Venezuela, while Azerbaijan reportedly plans a military assault on Iran following Iranian drone strikes. Qatari jets intercepted Iranian bombers targeting the critical US base at al-Udeid, as violence intensifies with over 1,230 Iranians dead since Saturday and the conflict spreading to Lebanon and Gulf regions. Iran claims massive civilian damage, Dubai faces missile attacks, and at least six US troops have died, though the Pentagon remains silent on casualties. The US Senate narrowly blocked efforts to curb Trump’s Operation Epic Fury, signaling continued and deeper military operations against Iran.

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