Oil Slump Seen as ‘Knee-Jerk’ Reaction to Iran Deal – Bloomberg News from Wall Street, NY. None of the US media is trumpeting Obama’s deal with Iran as savior of the American middle and lower classes. We have been absolutely hammered by high oil prices ever since the US declared unilateral war against the Arab Street and all Shi’ites. I have regularly pointed out in the past that these insane, expensive wars also drive up oil prices hugely. It is an immense war tax on the US consumers. And the potential for higher oil prices is nearly never mentioned when our AIPAC/Saudi Congress debates more wars on behalf of these two states.