Gavin Newsom grilled Donald Trump over a massive spike in oil prices — and suggested it goes against the president's tough stance on economic success. The governorGavin Newsom grilled Donald Trump over a massive spike in oil prices — and suggested it goes against the president's tough stance on economic success. The governor

Newsom bombards 'Putin's good little boy' Trump as he warns US 'gas lines' are days away

2026/03/09 19:02
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Gavin Newsom grilled Donald Trump over a massive spike in oil prices — and suggested it goes against the president's tough stance on economic success.

The governor of California's team made several X posts mocking Trump and his administration over the weekend. Ongoing strikes against Iran affected the price of oil, which has since surpassed $100 a barrel, per the Associated Press. This spike in crude oil has since been mocked by Governor Newsom, with a series of posts highlighting the economic trouble.

One post reads, "What part of the Trump Golden Era of affordability plan is this?" Another reads, "We already have long TSA lines because of Donald Trump. Are Trump gas lines coming soon, too?"

A third post suggested Trump needed a distraction from the turmoil of his administration, and that a spike in oil prices would do just that. On February 7, the account posted, "Trump needs a distraction. Things aren't going well for him. Which country is he going to bomb or take over next?"

The X account has since quoted the February 7 post and added, "The answer was Iran."

Newsom has previously ripped into Trump and his team for an oil-related trade with Russia. Treasury Secretary Scott Bessent confirmed a trade deal between Russia and India, orchestrated by the U.S.

Bessent's statement, posted to X, reads, "President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded.

"To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorizes transactions involving oil already stranded at sea.

"India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of U.S. oil. This stop-gap measure will alleviate pressure caused by Iran’s attempt to take global energy hostage."

Newsom replied to the news by dubbing Trump "Putin's good little boy."

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$2.978
$2.978$2.978
-1.65%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Patos (PATOS) Price Alert: 108% Gains Guaranteed from Solana Token?

Patos (PATOS) Price Alert: 108% Gains Guaranteed from Solana Token?

Following the strategic addition of crypto icon Mark Zuckerfart as Lead Marketing Executive, presale activities spiked a staggering 500%. This […] The post Patos
Share
Coindoo2026/03/09 20:49
Hong Kong Backs Commercial Bank Tokenized Deposits in 2025

Hong Kong Backs Commercial Bank Tokenized Deposits in 2025

The post Hong Kong Backs Commercial Bank Tokenized Deposits in 2025 appeared on BitcoinEthereumNews.com. HKMA to support tokenized deposits and regular issuance of digital bonds. SFC drafting licensing framework for trading, custody, and stablecoin issuers. New rules will cover stablecoin issuers, digital asset trading, and custody services. Hong Kong is stepping up its digital finance ambitions with a policy blueprint that places tokenization at the core of banking innovation.  In the 2025 Policy Address, Chief Executive John Lee outlined measures that will see the Hong Kong Monetary Authority (HKMA) encourage commercial banks to roll out tokenized deposits and expand the city’s live tokenized-asset transactions. Hong Kong’s Project Ensemble to Drive Tokenized Deposits Lee confirmed that the HKMA will “continue to take forward Project Ensemble, including encouraging commercial banks to introduce tokenised deposits, and promoting live transactions of tokenised assets, such as the settlement of tokenised money market funds with tokenised deposits.” The initiative aims to embed tokenized deposits, bank liabilities represented as blockchain-based tokens, into mainstream financial operations. These deposits could facilitate the settlement of money-market funds and other financial instruments more quickly and efficiently. To ensure a controlled rollout, the HKMA will utilize its regulatory sandbox to enable banks to test tokenized products while enhancing risk management. Tokenized Bonds to Become a Regular Feature Beyond deposits, the government intends to make tokenized bond issuance a permanent element of Hong Kong’s financial markets. After successful pilots, including green bonds, the HKMA will help regularize the issuance process to build deep and liquid markets for digital bonds accessible to both local and international investors. Related: Beijing Blocks State-Owned Firms From Stablecoin Businesses in Hong Kong Hong Kong’s Global Financial Role The policy address also set out a comprehensive regulatory framework for digital assets. Hong Kong is implementing a regime for stablecoin issuers and drafting licensing rules for digital asset trading and custody services. The Securities…
Share
BitcoinEthereumNews2025/09/18 07:10
Safe-Haven Status Faces Unprecedented Pressure As DBS Flags Critical Shifts

Safe-Haven Status Faces Unprecedented Pressure As DBS Flags Critical Shifts

The post Safe-Haven Status Faces Unprecedented Pressure As DBS Flags Critical Shifts appeared on BitcoinEthereumNews.com. US Dollar: Safe-Haven Status Faces Unprecedented
Share
BitcoinEthereumNews2026/03/09 20:55