Trump says US doesn't need 'Middle Eastern Oil & Gas' as prices spike

President TrumpDonald TrumpBiden prepares to confront Putin Biden aims to bolster troubled Turkey ties in first Erdoğan meeting Senate investigation of insurrection falls short MORE said on Monday that the United States does not need oil and gas from the Middle East as prices spike after drone attacks on Saudi sites.

“Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World,” Trump tweeted.

“We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies,” he added. 


The tweet comes a day after Trump announced he was authorizing the use of the U.S.'s emergency oil reserve in response to a series of attacks in Saudi Arabia on key oil facilities that have impacted the global oil supply and sharply driven up prices.

Iranian-backed Houthi rebels in Yemen have claimed responsibility for the attacks, but the U.S. has blamed Iran — an accusation Tehran has dismissed.

The drone attacks impacted roughly 5 percent of the global crude output, prompting oil prices to surge as trading opened Monday.

Bloomberg reported that London's Brent futures briefly jumped $12 to above $71 per barrel immediately after the markets opened on Monday morning, which Bloomberg said was the biggest jump in dollar terms since that market opened in 1988. It reported that prices had since dropped back to erase half the jump.

The United States recently overtook Saudi Arabia as the world's top oil exporter earlier this year, marking the first time it took the top spot, according to CNN.