Trump slaps OPEC for manipulating prices and his tweet wasn't just about higher gas prices [CNBC]
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Source: CNBC
show chapters President Donald Trump's tweet on Friday slapping OPEC about high oil prices comes just weeks before he has to make a big decision on Iran that could send oil prices even higher. As U.S. oil prices flirt with a near four-year high, Trump fired off a tweet Friday morning saying oil prices are artificially Very High and that will not be accepted. That sent crude futures lower, with U.S. oil futures trading slightly down on the day. tweet It may sound like he's taunting the oil cartel of the 1970s that sent gasoline prices soaring. But, in fact, he is inserting himself into the oil market at a complicated time, just ahead of that May 12 deadline when he has to decide whether to extend Iran's nuclear deal. Getty Images President Donald Trump If Trump ends the deal, the U.S. would sanction Iranian oil. Some may interpret this as a pre-May 12 Iran decision message, said Daniel Yergin, vice chairman of
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