Putin says Trump must shoulder blame for rising oil prices

Russian President, Vladimir Putin, has said President Donald Trump needs to look in the mirror to find the person responsible for higher oil prices.

The Trump administration’s decision to pull out of a 2015 international agreement to curb Iran’s nuclear programme, and a re-imposition of economic sanctions on the third-largest producer of crude — set to kick in next month — has helped to drive oil prices higher because the Organisation of the Petroleum Exporting Countries isn’t expected to be able to match the country’s lost output.

Putin said on Wednesday during an address to delegates at the Russia Energy Week forum in Moscow; “President Trump has said he thinks the oil price is too high.” He then added; “But let’s be frank, such oil prices are to some extent the result of the US administration. I’m talking about sanctions against Iran, about political problems in Venezuela and just looking at what’s happening in Libya.”

He went on to say; “If we touched upon the topic we are discussing now with him (Trump), I would say, if you want to find the culprit of who’s guilty that prices are growing, then you should just have a look in the mirror.”

Source: The Punch

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