Saudi oil profits up 44%; Trump says producers made too much money
“They’re making too much money,” President Donald Trump said in the Oval Office on Monday. Oil companies — and their colossal profits — were the latest target of his ire.
A tumble in energy prices is exactly what Trump needs three months ahead of midterm elections that current polling shows could bring big gains for Democrats in Congress. His war against Iran has sent global oil prices skyward, rippling out into higher costs for American consumers.
0:00 How much oil is missing from the market compared to last year?
2:19 Why one expert calls the US naval blockade a ‘smart move’
4:48 Is Iran overplaying its hand? How will its neighbors respond?
6:18 The new ‘weapons’ of geopolitical power
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