The Trump-Iran War: Who Benefits?

by guest blogger Ian Randal Strock

Last year, President Donald Trump was railing against wind power, urging the UK to shut down their wind power farms in favor “cheap and reliable” oil. His Big Beautiful Bill (which seems much more like a Frankenbill) cancelled tax breaks for solar and wind power in the US.

Three weeks ago, he launched a hot war against Iran.

The United States, which is nearly self-sufficient in terms of oil, is not threatened by that bottleneck. Prices, however, skyrocketed. And last week, Trump reminded the world “when oil prices go up, we make a lot of money.”

In response—a response any first-year political science student could have predicted—Iran threatened the safety of shipping through the Strait of Hormuz, sending the cost of oil skyrocketing and imperiling the global flow of oil. And now Trump is calling for other countries to pledge military support to secure the Strait, in effect, demanding they clean up after his mistake.

Who benefits?

The “we” in that Trump quote is not the average American; it’s the oil companies in the US. And quite possibly Trump himself and his close advisors. The US oil companies, for whom the cost of producing and distributing oil and gasoline have not changed, now get to sell their product for more money.

Global instability also leads to lower values for national currencies, increasing interest in those media which are not tied to any nation, such as cryptocurrencies. In October 2025, Bitcoin peaked at a value around $126,000 per coin. It then plummeted to about $62,000 in February. Since Trump launched this war, it is back up to $74,000, a 20% increase. Ethereum—one of the cryptocurrencies in the president’s personal portfolio—has followed a similar trajectory.

Saudi Arabia is almost the undisputed power in the Gulf region. Indeed, the only country that can threaten them is Iran, which is lead by people who are unpredictable and dangerous. Reports March 16 say that the crown prince of Saudi Arabia, Mohammed Bin Salman, is speaking regularly with Trump, urging him to continue attacking Iran harshly.

Meanwhile, since the onset of this war, you haven’t thought about the Trump-Epstein Files, have you?

Presidential historian Ian Randal Strock is a publisher and writer whose home on the web is at IanRandalStrock.com. He is the recipient of two AnLab Awards, the American Mensa National Service Award, and the 2025 Skylark Award.

War over diplomacy

Barack Obama may have finally earned his Nobel Peace Prize by getting many nations to join with us to get Iran to agree to an historic treaty. Under this treaty, Iran will reduce its nuclear capability and we will be able to inspect to make sure that they do. 131124102022-01-iran-deal-1124-story-topIn exchange, we will get rid of many of the sanctions that worked to force them to the treaty table in the first place.

Seriously, how can someone be against this?

Answer: Be an Obama-hating Republican. You know these guys — Obama could come out in favor of drinking water and they’d object. (Oh, right, they did.)

In the simple world view of these people, America is the world ruler and we should always get everything we want. If we don’t get what we want, we should bomb everyone until we do. (Because that has worked so well for us in the Middle East before. That was sarcasm.)

But that’s not how the world really works and that’s not how mature adults understand relationships, where there are compromises that must be made in order to get along. Iran is a big country and we can’t just order them to do whatever we want so we have to negotiate. We will never get everything we want when we negotiate so we get as much as we can while they try to get as much as they can. That’s how it works, you see.

So we’ve gotten a pretty good deal. Not the absolute best deal but pretty much 90% of what we want.

Not good enough, say people who are willing to let poor people die in another unnecessary war. Go ahead, ask them what their alternative is. Many of them are openly suggesting we should just declare war and bomb them because, you know, they’re an evil country and they are trying to build a nuclear bomb. (As opposed to Pakistan, China, and other evil countries that already have nuclear bombs.)

I have an idea. Let’s try diplomacy first. Let’s save violence for the last resort when everything else has failed.

I am told that is what mature, intelligent people do.