Trump Urges OPEC and Saudi Arabia to Lower Oil Prices to End Ukraine War

In a World Economic Forum address, Trump claims reduced oil prices would halt the conflict, while markets react to his policy announcements.

President Donald Trump, speaking at the World Economic Forum, announced plans to pressure OPEC and Saudi Arabia to cut oil prices, arguing this could end the Russia-Ukraine war.
Trump criticized OPEC+ production cuts, which have maintained higher oil prices, claiming these policies contribute to the ongoing conflict in Ukraine.
Oil prices saw slight declines following Trump's remarks, with Brent crude and U.S. crude futures dropping modestly during trading sessions.
Trump's broader energy strategy includes declaring a national energy emergency, rolling back environmental protections, and expanding domestic oil production, though analysts doubt immediate impacts on U.S. output.
Markets remain uncertain about the effects of Trump's proposed tariffs on global trade and energy demand, including potential levies on Canada, Mexico, China, and the European Union.