Trump calls for $1 trillion Saudi investment, lower oil prices

Jan 24, 2025 3:18 PM, 8 news, a view

US President Donald Trump linked the ongoing war in Ukraine to global oil prices, urging Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to lower crude prices as a means to bring an end to the conflict.

In a virtual address to executives at the World Economic Forum in Davos on Thursday, Trump minced no words as he accused the Saudis and OPEC of sustaining Russia’s military offensive in Ukraine by maintaining high oil prices.

“I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,” Trump said. “If the price came down, the Russia-Ukraine war would end immediately.”

Read on Indiatoday ›

“ I am also going to ask Saudi Arabia and OPEC () to bring down the cost of oil. You have to bring it down which, frankly, I am surprised they didn't do before the election. That didn't show a lot of…

Donald Trump, 15 hours

‘Surprised’ Donald Trump says Saudi Arabia’s one move would end Russia…

“ Right now, the price is high enough that the war will continue. You have to bring down the oil price, you have to end that war. They should have done it long ago. They are very responsible, to a…

Donald Trump, 15 hours

‘Surprised’ Donald Trump says Saudi Arabia’s one move would end Russia…

“ I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,

Donald Trump, 8 hours

Trump asks Saudi, OPEC to lower oil prices: Could end Ukraine war…

“ But I'll be asking the Crown Prince, who's a fantastic guy, to round it out to around $1 trillion,

Donald Trump, 9 hours