Trump says 'thank you to Saudi Arabia' for lower oil prices, hours after refusing to condemn kingdom for Khashoggi murder
Most oil analysts credit Russia for pressuring Saudi Arabia and other oil-producing nations to keep output up and oil prices down
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Donald Trump has thanked Saudi Arabia for lowering oil prices, just hours after he refused to condemn the kingdom over the murder of journalist Jamal Khashoggi.
The president tweeted: "Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!"
He followed up moments later by repeating his slogan, "MAKE AMERICA GREAT AGAIN!".
Mr Trump's statement strains credibility. Most oil analysts credit Russia for pressuring Saudi Arabia and other oil-producing nations to keep output up and oil prices down.
Mr Trump himself also played a role. By granting waivers from U.S. sanctions on Iran oil sales to China, Japan, and six other countries, he undermined expectations of a crunch and created an unanticipated glut in the market, collapsing oil prices.
The president likely hopes news about oil prices will divert attention away from his handling of the Khashoggi affair. The Washington Post columnist was ambushed, murdered, and dismembered by a Saudi kill team in Istanbul 50 days ago. Despite global outrage over the killing of the journalist, Mr Trump has insisted on sno erious consequences for the Saudi leadership believed to have ordered the assassination because of Saudi weapons purchases, the White House's confrontation with Iran, and oil prices.
Lower oil prices might please US consumers, but will likely not help Mr Trump politically. Despite a booming economy, Mr Trump's approval ratings remain low, with 53 per cent of voters disapproving of his presidency.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments