The , stated this Saturday, 11th, on its social network, that oil tankers are heading to the United States to look for cargoes of “the best and sweetest” oil (and gas)”.
Trump has claimed that the US has more oil than the two largest oil economies combined. He also argued that the quality of the commodity sold by the USA is higher. The president, however, did not give details about companies, countries or the values of this transaction.
Also read:
The US and Israel’s war against Iran led the Iranians to close the Strait of Hormuz, through which 20% of the world’s oil supply passes. This drove up fuel prices. Brent crude oil, the international benchmark, has gone from around $70 per barrel before the war at the end of February to more than $119 at times.
But Trump argues that the U.S. can serve as an alternative source of oil and natural gas, although increased demand could further pressure prices for consumers unless there is more domestic production.
Also read:
Continues after advertising
U.S. gasoline prices have gone from just under $3 per gallon before the conflict to about $4.15. The increase could harm Americans’ ability to spend on other goods and services, slowing the economy and threatening to worsen unemployment.
Consumer prices in the country rose 3.3% in March compared with the previous year, a sharp increase from 2.4% in February and the largest annual increase since May 2024. (INFORMATION FROM AP)
