Crude oil prices fell despite President Trump's announcement of a renewed maximum pressure campaign against Iran, aiming to reduce its oil exports to zero. While prices initially surged following the news, they later retreated after China threatened retaliatory tariffs on U.S. energy imports, including crude oil. Trump also stated his desire for the U.S. to take over and develop the Gaza Strip after the resettlement of Palestinians.
Crude oil prices started trade today with a dip despite the latest news around President Donald Trump who on Tuesday confirmed he would be returning to a maximum pressure approach to Iran , aiming to reduce its oil exports to zero, and said he wants the U.S. to take over the Gaza Strip and develop it. In mid-morning trade in Asia, Brent crude was trading at $75.80 per barrel with West Texas Intermediate at $72.40 per barrel.
“With me, it's very simple Iran cannot have a nuclear weapon,” Trump said ahead of a joint press conference with Israeli Prime Minister Benjamin Netanyahu—the first foreign head of state to visit with Trump after his inauguration. It was at this press conference that Trump broke the news that he wants the United States to take over the Gaza Strip and develop it economically after the resettlement of all Palestinians from the area. “The U.S.
CRUDE OIL IRAN DONALD TRUMP GAZASTRIP CHINA
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