Trump says some sanctions to be lifted on oil producers amid Iran war

Crude oil prices plunge below $90 a barrel following an earlier surge to almost $120 in price swing over 24 hours.

Save

United States President Donald Trump has said his administration will lift some sanctions on oil-producing countries to keep energy prices down amid the US and Israel’s war on Iran.

Trump made the comments on Monday after a rollercoaster 24 hours that saw crude oil prices soar to nearly $120 a barrel before dropping below $90.

Trump says some sanctions to be lifted on oil producers amid Iran war

Other newsrooms on this story

Related reading

Oil price slides as Trump talks up Iran peace negotiations

Other newsrooms on this story

Related reading

Oil price slides as Trump talks up Iran peace negotiations

Oil prices plunge after Trump suggests Iran war could end soon

Oil prices plunge and stocks jump after Trump announces conditional ceasefire…

Oil prices fall after Trump signals he could hold off on attacking Iran

Oil back above $100 as conflicting reports emerge on US-Iran talks

Oil prices rise 3% after Trump cancels meetings with Iran, tells protesters…