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Iran blames Trump policies for high oil prices
[PRESSTV] Iran says the hostile policies of US President Donald Trump...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States... are to blame for the rising prices of crude oil in international markets, rejecting his Wednesday attack against the Organization of the Petroleum Exporting Countries (OPEC) for the current supply situation. Hossein Kazempour Ardebili, Iran's OPEC governor, emphasized that the sanctions that Trump had devised against Iran and Venezuela were largely to blame for high oil prices. "You cannot place sanctions on two OPEC founder members and still blame OPEC for oil price volatility," he said in a statement to Rooters. Kazempour Ardebili’s comments came in response to a Trump message in which he had accused OPEC of working to push up the prices. "Oil prices are too high, OPEC is at it again. Not good!" he wrote in a post on Twitter. Oil prices have risen by around 60 percent over the last year after OPEC and some non-OPEC producers including Russia arrived at an agreement in 2017 to reduce supplies, Rooters wrote in its report. The price of Brent crude peaked in May at $80.50 a barrel, then pulled back, trading on Wednesday near $76 at barrel, partly in anticipation that the agreement may end. Posted by: Fred 2018-06-14 |
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