Trump vs. Iran battle continues
Iran's OPEC Governor is on the wires saying:
- oil prices above $100 is yet to come and Trump is the one to blame
- Trump is hostage of Saudi, Russian oil policies which will do little to bring oil prices down
Trump is pleading with Saudi Arabia to increase production by up to 2M barrels as a result of the Iran sanctions and Venezuela supply shocks. Trump meets with Russia's Putin on July 16th. The details of the meeting did not address oil output.