Slovak Prime Minister Robert Fico has issued a sharp, sarcastic critique of the global energy market, claiming that crude oil prices are now dictated by the temperament and sleep patterns of US President Donald Trump.

Fico’s remarks followed a week of intense market turbulence, where oil hit four-year highs amid reports that the US military is weighing tactical options regarding the ongoing conflict with Iran.

On Friday, Brent crude experienced a dramatic 7% surge, briefly peaking at over $126 per barrel before retracing to $108 later in the day.

The price spike was triggered by an Axios report suggesting that US Central Command (CENTCOM) had finalized plans for “short and powerful” military strikes on Iran—a move designed to force a breakthrough in stalled diplomatic negotiations.

“Waking Up to Volatility”

“Everything is under pressure, including oil prices, depending on how President Trump wakes up,” Fico told reporters in Bratislava on Friday.

“If he wakes up in a good mood, oil goes down; if he wakes up in a bad mood and makes a statement, oil prices automatically skyrocket.” Fico’s comments highlight a growing frustration among European leaders regarding the unpredictability of global energy markets driven by US foreign policy.

Geopolitical Tension in the Strait of Hormuz

The energy market has remained on edge since February 28, following a joint US-Israeli bombing campaign against Iranian targets.

In a retaliatory move that sent shockwaves through the global economy, Tehran barred “enemy ships” from the Strait of Hormuz—a critical maritime chokepoint that facilitates approximately 20% of the world’s energy trade.

The situation has been further exacerbated by Iran’s retaliatory strikes on US military installations across the Middle East.

With supply chains under constant threat and diplomatic tensions at a breaking point, analysts expect the “mood-driven” volatility described by Fico to continue defining the energy landscape for the foreseeable future.