Global Economy - Markets - Finance

OIL PRICE CRISIS: Trump sanctions could trigger HUGE shortage and send prices SOARING

Oil-price-news-1024286DONALD Trump planned sanctions on Iranian crude oil exports could trigger a huge global supply shortage and send prices soaring to above $100 per barrel, strategists have warned. Saudi Arabia oil minister says Trump’s OPEC claims are NOT true. At the UN General Assembly this week, the US President launched a furious attack against the Organisation of the Petroleum Exporting Countries (OPEC), warning them to ramp up production to prevent further price rises. Donald Trump also accused OPEC members – which are the world’s biggest oil producing nations – of “ripping off the rest of the world” by raising prices…..Read More