Trump attributed the rise in oil prices to the attacks in Yemen
With increasing pressure on the U.S. government due to rising energy costs, Donald Trump this time has identified Yemeni militants as the cause of rising oil prices.
Trump had previously linked the increase in oil and fuel prices to the Russia-Ukraine war and had spoken about an energy ceasefire plan. He now claims that Yemen’s attacks on Saudi Arabia are aimed at raising oil prices and are occurring on the eve of the U.S. elections.
In contrast, the closure or disruption of passage through the Strait of Hormuz is also considered a significant factor affecting the global oil supply and energy prices.
