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Trump Asks OPEC To Cut Oil Prices To Stop Ukraine War
The Morning Standard
|January 26, 2025
US President Donald Trump is emphasizing that targeting Russia's oil revenue is the best way to get Moscow to end its nearly three-year war against neighboring Ukraine.
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Trump, who pledged in the campaign that he'd broker a quick end to the grinding conflict, in his first days in office has leaned in on the idea that OPEC+, the alliance of top oil producing nations, holds the key to ending the war by reducing oil prices.
The president on Friday renewed his call on the group of oil producing exporters, led by Saudi Arabia, to reduce the price of oil.
It's a move he says would bleed Russia of much needed revenue to pay for the conflict.
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