7 hours agoTrump lets the oil dealers know: Don't raise the price, I'm watching.
Periskopi(a year ago)
(a year ago)US President Donald Trump has issued an open threat to oil traders, telling them to keep the oil price on the level and not increase it, despite the escalation of the conflict in the Middle East. With the clear message that he is watching, Trump tells him to [...]
With the clear message that he is watching, Trump tells everyone that they are going toward the enemy's hands with such decisions and should not do so.
Everybody, keep the oil prices down. I'm watching you! You're going straight into enemy hands. Don't do this! Periscope.
The message comes at a time when Iran has threatened to close the transition to the Strait of Hormuz, one of the strategic points of the world's oil transit, which is the hub between Iran and Oman, and from where oil is further distributed worldwide, whether indo-peaceary or Mediterranean and Atlantic.
China, meanwhile, has officially announced Iran not to close the Strait of Hormuz, or otherwise risk a real escalation in the world economy and the Middle East.
China's call comes after the United States, through Secretary of State Marco Rubio, called on official Beijing to prevent Iran from closing the Hormuz Strait, one of the most important shipping routes in the world.
Rubio's own comments came after Iranian state television Press TV reported that Parliament had adopted a plan to close the tide, but added that the final decision belongs to the Supreme National Security Council.
