Trump's Iran Threat Sends Oil Prices Soaring
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Oil prices surged Wednesday as President Trump escalated tensions with Iran, with Brent crude reaching a high of $109.80 a barrel. Trumps order to shoot down Iranian boats harassing U.S. ships sent Brent back towards $110. Analysts view this as a move to divert attention from the coronavirus crisis, but markets are not ignoring the risks. Oil has been plummeting due to lockdowns reducing global demand and storage tanks nearing capacity. Meanwhile, OPEC and allies are pushing for a 20 million barrel per day production cut to stabilize the market.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/c23e950546b7aff0