EconomyPolitics Trump makes one other sturdy step towards ending the struggle in Ukraine by pushing Saudi Arabia and OPEC to decrease oil costs. Friday, January 24, 2025

On the World Financial Discussion board by way of teleconference, President Donald Trump mentioned he’ll demand Saudi Arabia and OPEC cut back the price of oil and can ask Riyadh to extend a deliberate US funding package deal to $1T from an initially reported $600B. His remarks come sooner or later after Trump and Saudi Arabian Crown Prince Mohammed bin Salman mentioned what the White Home known as the dominion’s “worldwide financial ambitions” in addition to commerce points. “If the value got here down, the Russia-Ukraine struggle would finish instantly. Proper now, the value is excessive sufficient that that struggle will proceed – you bought to deliver down the oil value,” Trump mentioned, talking remotely by video hyperlink. “They need to have carried out it way back. They’re very accountable, truly, to a sure extent, for what’s going down, tens of millions of lives are being misplaced,” Trump added. The Saudi authorities’s communications workplace didn’t instantly return a request for touch upon Trump’s remarks on the discussion board.