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Oil prices rose Friday with concerns that US sanctions against Iran will pull large volumes of the market
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July 1, 2018, 2 pm 36
Trump said Saturday via Twitter that Saudi King Salman bin Abdulaziz Al Saud would have agreed to increase his oil production, and the White House then retreated and reported that the Saudis would increase production if necessary.
Oil prices rose on Friday with concerns that US sanctions against Iran will attract significant volumes from the international market.
In an interview on Fox News television Sunday, Trump directly blamed OPEC, of which Saudi Arabia is a member. Asked if anyone was manipulating the markets, Trump said: "The OPEC is here and it is better to stop because we are protecting these countries, many of them."
Trump also said that European companies would deal with Iran. 19659008] The US president will travel to Europe later this month for a NATO meeting, but trade tensions must dominate the journey, not only in relation to Iran's oil, but especially by imposing tariffs on Steel and aluminum. On trade, Trump told Fox that he is not satisfied with the North American Free Trade Agreement with Canada and Mexico, and will not accept a again after the November elections in the United States