Trump blames Iran for manipulating crude prices
- United States President Donald Trump blamed Iran on October 22 for manipulating international crude prices through naval attacks and mine placements to influence upcoming midterm elections, according to...
- Writing on his social media account on October 22, President Trump claimed that Tehran is orchestrating ship strikes and mine installations to drive up fuel costs ahead of...
- During a subsequent meeting with reporters, the president stated that Washington is not currently negotiating with Iran and signaled that additional measures could follow.
United States President Donald Trump blamed Iran on October 22 for manipulating international crude prices through naval attacks and mine placements to influence upcoming midterm elections, according to South Korean broadcaster MBC (imnews.imbc.com). The accusations arrive alongside a sharp surge in global crude benchmarks and declining domestic approval ratings for the administration.
Trump Accuses Iran of Oil Manipulation
Writing on his social media account on October 22, President Trump claimed that Tehran is orchestrating ship strikes and mine installations to drive up fuel costs ahead of the midterm elections, as reported by MBC (imnews.imbc.com). However, the same reporting indicated that actual oil shipments passing directly through the vital Strait of Hormuz remained stalled at only 82 percent of pre-conflict volumes.
During a subsequent meeting with reporters, the president stated that Washington is not currently negotiating with Iran and signaled that additional measures could follow. 조만간 어떤 식으로든 결과가 나올 겁니다. 대부분 선거 이후가 될 거라고 생각하는 것 같은데, 어떻게 되는지 지켜보죠,
President Trump said, according to MBC (imnews.imbc.com).
Surging Crude Prices and Stock Market Decline
The supply anxieties pushed Brent crude up by four percent within a single day to settle at $113.17 per barrel on October 22, marking its highest valuation since May. On Wall Street, the combination of soaring energy costs and artificial intelligence investment anxiety triggered a sell-off in semiconductor stocks, pulling the Nasdaq down by 2.6 percent at market close.
Voter frustration over rising consumer prices has translated into steep declines for the administration in recent public opinion data. A CNN poll placed President Trump's job approval rating at 32 percent, the lowest recorded in the history of that survey.