Donald Trump can’t simply talk down the price of oil
When the war against Iran started, President Trump could have justifiably felt confident that the price of oil could be controlled from the White House. America, after all, is the biggest oil producer in the world. It has the most refining capacity, and, separately, it has by far the world’s strongest military. And yet, over the last 24 hours it has become alarmingly clear that America has lost its ability to cap the price of an oil barrel. Does big trouble lie ahead for both the President and the global economy? With a single Truth Social post yesterday, President Trump managed to send the prices of both WTI crude oil,