Trump policies to blame for hike in oil prices

Russian President Vladimir Putin says increasing oil prices are a direct result of policies undertaken by his American counterpart Donald Trump against top producers such as Iran and Venezuela.

Speaking at the Russia Energy Week forum in Moscow on Wednesday, Putin said Trump was right to complain that oil prices were high but he had to “look in the mirror” to find out why.

“President Trump has said he thinks the oil price is too high. Well, probably to some extend he’s right, but we are absolutely OK with it at $65 to $75 per barrel to ensure the efficient operation of oil companies and ensure investment,” Putin said.

“But let’s be frank, such oil prices are to some extent the result of the U.S. administration. I’m talking about sanctions against Iran, about political problems in Venezuela and just looking at what’s happening in Libya,” he added.

The Russian leader made the comments as a response to Trump’s criticism of Russia and the…

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