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BBC Expert Pinpoints The Reason Why Soaring Oil Prices Are So Bad For Donald Trump | Collector
BBC Expert Pinpoints The Reason Why Soaring Oil Prices Are So Bad For Donald Trump
The Huffington Post

BBC Expert Pinpoints The Reason Why Soaring Oil Prices Are So Bad For Donald Trump

President Donald Trump speaks with reporters after disembarking Air Force One on Sunday. Soaring oil prices caused by the war in Iran are “going to hurt Donald Trump politically”, according to a BBC expert. Jo Floto, the broadcaster’s Middle East bureau, said that explained why the US president has announced controversial plans to blockade Iranian ports. Trump sparked confusion on Sunday when he said the US Navy would stop all ships going in and out of the Strait of Hormuz . The US military later clarified that while it will blockade of Iranian ports from 2pm on Monday UK time, it will “not impede” ships using the strait to get to or from other countries. Global oil prices once again rose in response to Trump’s announcement. On Radio 4′s Today programme, Jo Floto said that was putting further pressure on American household budgets. He said: “Despite Donald Trump’s knowledge of his own oil production – America is the biggest oil producer, doesn’t need this oil from the Gulf – but the prices are set globally and they’re affecting the pumps in America and that is going to hurt Donald Trump politically.” Meanwhile, the UK government has confirmed it will not help America carry out its blockade. A spokesperson said: “We continue to support freedom of navigation and the opening of the Strait of Hormuz, which is urgently needed to support the global economy and the cost of living back home. “The Strait of Hormuz must not be subject to tolling. We are urgently working with France and other partners to put together a wide coalition to protect freedom of navigation.” Subscribe to Commons People , the podcast that makes politics easy. Every week, Kevin Schofield and Kate Nicholson unpack the week’s biggest stories to keep you informed. Join us for straightforward analysis of what’s going on at Westminster. Related... Trump Hits Out At Starmer As UK Confirms It Won't Join His Strait Of Hormuz Blockade Donald Trump Says US Navy Will 'Blockade' Strait Of Hormuz After Iran Talks Collapse 'This Man Is Not Well': Critics Damn Trump After 'Unhinged' Late-Night Attack On Pope

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