President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close US allies in an interview with a threat to sanction European companies that do business with iran.
Trump said 100 percent the oil market was being manipulated and they better stop it because we’re protecting many of those countries. He said last week OPEC countries have produced less oil than their expectations.
US President suggests OPEC to put out another two million barrels.
The White House later walked back the president’s comments, saying the king said his country can raise oil production if needed.
The President also said he would not complete a new NAFTA trade deal with Canada and Mexico until after the November congressional elections.