politics
President Trump Says U.S. Actions Reduced Iranian Oil Exports
President Trump stated that U.S. measures have removed millions of barrels of Iranian oil from the market. He linked the actions to current global oil prices and said prices would fall further once military conflict ends.
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President Trump told reporters that the administration has removed millions of barrels of oil from Iran. He said the removals explain why oil trades at $85 to $90 per barrel rather than $250. The president added that oil prices will drop once the military conflict with Iran concludes.
He did not provide a timeline for when that conflict might end. The statements mark the first time President Trump has publicly described the scale of the oil removals in those terms.
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