‘I see’: Trump issues a new warning after the attack on Iran; Asks ‘everyone’ to keep oil prices low
In a fierce post, US President Donald Trump warned “all” to keep prices low on Monday or they would play in the hands of the enemy. “Taking the truth socially, he wrote, “Everyone, keep the oil prices low. I am watching! You are playing right in the hands of the enemy. Do not do this!”While the US President did not name the specific goals of his IRE, the message appeared directed in American oil companies and possibly OPEC+ nations, freshly global energy between gitlers. Trump with a sharp demand for the federal government: “For the Department of Energy: Drill, Baby, Drill !!! And I mean now !!!”The Post picked the eyebrows in the energy field, not at least because the energy department does not drill directly for oil. American production decisions are made by private companies responding to market forces, not the President’s instructions.Merchants wait for Iran’s response as market wavesOil prices and global stock markets saw on Monday as traders stopped their breath for Iran’s next step after the US air strikes on their nuclear facilities, a strike that feared a large regional conflict and possible disruption to supply global oil.Both International Crude Benchmark Brent and WTI increased by more than 4 percent in the open, hitting their highest level since January. But by noon, the profit had increased, and both contracts increased by 0.3 percent with the opening of Wall Street.“The big question,” the chief commodities analyst at SEB Bank, Fadeloprop told AFP, “Whether or not Iran Hormuz’s Strait will be chosen or not.” However, he stated that the current price movement shows that the market sees that risk as “low, now”.Nevertheless, with the straight of hormuz, through which about 20% of global oil supply flow, in potential threat, investors nerves remained raw. Iran, the ninth largest oil producer in the world, exports about half of its 3.3 million barrels per day.Meanwhile, Wall Street’s shares declined down, with a 0.1% slipped in the S&P500 initial trading. The Asian markets closed mixed, while European indices submerged slightly.
