Kathmandu. Crude oil has endangered the global economy for some time. Many experts are predicting a sharp increase in its price in the coming days. This will also lead to a wave of global inflation.
Last week, however, US President Donald Trump predicted that oil prices would fall “too soon” and fall sharply. Now, Trump’s new statement signals that his words are coming true and there could be a significant relief in oil prices.
In fact, President Trump has said that the US and Iran are very close to a peace deal. He indicated that a major decision could be made by Sunday. In the international market, the price of crude oil has been consistently above $ 100 per barrel.
These signs of Trump
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Last week, Donald Trump hinted at an imminent fall in crude oil prices. He predicted a potential drop in oil prices. He claimed that the Iran war would end soon, due to which the price of oil is rising. “Tehran is desperate to make a deal with us and has huge oil reserves,” he said. ’
If this happens, global crude oil prices will soon fall sharply. Trump said in his statement, “There is so much oil that its price will fall rapidly, you will soon see a significant drop in the price of oil.” ’
Trump’s statement about the war
Trump had hinted earlier and now he has issued a major statement in this regard. “The United States and Iran are very close to a peace deal,” he said on Saturday. He also indicated that a decision on whether to resume military action against Tehran could be made on Sunday.
Trump made it clear that “I will only sign an agreement that meets all of America’s demands.” These include opening the Strait of Hormuz, unfreezing Iranian assets held in foreign banks and continuing talks between the two countries.
Trump said in a meeting with advisers that he would review Iran’s new proposal and then decide whether to resume war.
The world is expecting a fall in the price of crude oil. The recent rise in international prices has adversely affected countries ranging from Pakistan, Bangladesh, Sri Lanka to the UK and India. The prices of petrol and diesel have increased sharply. In addition, the price of fuel has reached a high level in the United States.
Currently, the price of crude oil is above $ 100 per barrel. The price of Brent crude oil is around $ 104 per barrel. While the price of WTI crude oil is trading around $ 97. The price of Merban crude oil has also crossed $ 102 per barrel. –Agency
