michael-flynnWednesday, in a press conference with Sean Spicer, the White House Press Secretary, U.S. National Security Advisor Michael Flynn stated that “Iran continues to threaten U.S. friends and allies in the region,” Flynn said, adding that the U.S. is putting Iran on notice because the Obama administration failed to respond to Iran’s actions.” He went on to read a prepared statement that raised concerns that the Trump administration may take a form of action against Iran due to their missile test that broke an United Nations Security Council resolution.

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The statement reads in part, “the recent ballistic missile launch is also in defiance of UN Security Council Resolution 2231, which calls upon Iran “not to undertake any activity related to ballistic missiles designed to be capable of delivering nuclear weapons, including launches using such ballistic missile technology.” The statement continued to call out the Obama administration for their lack of leadership when it comes to Iran violating “international norms.”

The Trump administration also announced that this administration, ‘condemns such activities by Iran that undermine security, prosperity, and stability throughout and beyond the Middle East and put American lives at peril. President Trump has severely criticized the various agreements reached between Iran and the Obama Administration, as considerably as the United Nations as being feeble and ineffectual. Instead of being thankful to the United States for these agreements, Iran is now feeling emboldened. As of today, we are officially putting Iran on notice.”

That raised concerns, that President Donald Trump could take actions that would hurt Iran’s efforts to repair its oil and gasoline industry, which could cause conflicts along oil supply routes and ultimately drive crude prices higher. John Kilduff, founding partner at energy hedge fund Again Capital, stated that, “As soon as those comments hit the wires, you saw a bit of a rally in crude oil.”  The Trump administration’s comments caused a rise in stock prices with the possibility of the U. S. taking action against Iran.