Global oil market don dey shake seriously as United States President, Donald Trump, talk say him administration dey plan to remove or relax some oil sanctions to help calm rising fuel prices caused by the ongoing war involving Iran.
According to international news outlet Reuters and other global media platforms, the conflict for the Middle East don push crude oil prices go high well-well, as investors and governments dey fear supply shortage.
Trump yarn to journalists say the US government fit temporarily lift some oil restrictions so that more oil go enter global market and help bring down the price.
“We fit remove some oil sanctions for now make prices drop until things settle,” Trump reportedly talk after meeting with Russian President Vladimir Putin.
Energy experts say the tension for the region dey affect shipments passing through the strategic Strait of Hormuz — one of the most important oil routes for the world where almost one-fifth of global oil supply dey pass.
Because of the crisis, oil prices recently jump close to $120 per barrel, before small relief come after Trump hint say the US government dey consider steps to stabilize the market.
Even with the tension, Trump still insist say the price increase na temporary wahala, and say once the situation calm down, global energy supply go balance again.
Analysts however warn say easing sanctions fit bring new political tension, especially if the decision involve major oil-producing countries wey the US previously restrict.
For now, investors and governments across the world dey watch Washington closely as the war and oil politics continue to influence global energy prices and financial markets.



