At the World Economic Forum in Davos, Switzerland, former U.S. President Donald Trump announced plans to press the Organization of the Petroleum Exporting Countries (OPEC) and its leading member, Saudi Arabia, to reduce global crude oil prices.
“Bring Down Oil Prices to End the War”
During his address, Trump emphasized the urgency of lowering oil prices, linking it to the ongoing Russia-Ukraine conflict.
“I’m going to ask Saudi Arabia and OPEC to bring down the cost of oil. You’ve got to bring it down,” Trump stated. “Frankly, I’m surprised they didn’t do it before the election. If the price came down, the Russia-Ukraine war would end immediately. Right now, the price is high enough that the war will continue.”
Trump’s remarks followed a conversation with Saudi Crown Prince Mohammed bin Salman, during which the Crown Prince reportedly committed to investing up to $600 billion in the United States over the next four years, according to Saudi state media.
However, Trump indicated that he would encourage Saudi Arabia to increase its investment commitment to approximately $1 trillion, signaling his intent to deepen economic ties between the two nations.
Trump’s push for lower oil prices and increased Saudi investment reflects his broader economic strategy. The former president has frequently emphasized the importance of energy affordability and foreign investment as drivers of economic stability and geopolitical peace.
A Call for Action
As the global energy market remains volatile, Trump’s statements highlight ongoing debates about oil prices, international alliances, and their impact on geopolitical conflicts. His comments at Davos are expected to draw attention to the role of OPEC and Saudi Arabia in shaping global energy dynamics.
Stay tuned to Amnewsworld for more updates on this developing story.