Iran General NewsObama: Harsh U.S. rhetoric on Iran boosting oil

Obama: Harsh U.S. rhetoric on Iran boosting oil

-

ImageReuters: Democratic presidential candidate Barack Obama said on Monday that harsh U.S. rhetoric toward Iran appeared to be contributing to the surge in oil prices and that a calmer approach might help soothe the markets.

ImageST. LOUIS (Reuters) – Democratic presidential candidate Barack Obama said on Monday that harsh U.S. rhetoric toward Iran appeared to be contributing to the surge in oil prices and that a calmer approach might help soothe the markets.

Obama was asked in a news conference about some ways that the United States could help reduce the price of oil in the short term.

The Illinois senator listed some of his energy proposals such as a plan to rein in excessive speculation in the energy markets.

"There are some geopolitical issues that affect the price of oil," he added. "So for us to ratchet down the rhetoric when it comes to Iran, for example, and engage in tough, principled diplomacy, as I've called for, might calm the markets down."

(Reporting by Caren Bohan)

Latest news

Iran’s Failed Economic Policies Lead to Loss of Food Security

In the field of economics, there are two types of challenges. First, urgent issues, and second, long-term problems. In...

Iran Water Protests Revive Opportunities and Threats From Earlier Nationwide Uprisings

On or about July 15, residents of the Iranian province of Khuzestan began protesting over severe and persistent water...

Iran’s Officials: “We Are All To Blame”

Because of the destruction of the eight-year Iran-Iraq war which destroyed Iran’s southwestern Khuzestan province the other border provinces,...

The Disastrous Results of Iran’s Corrupted Projects

Following the recent protests over the water shortage of the Iranian people mainly in the Khuzestan province, there is...

Iran: Household Expenses Outweigh People’s Income

In 2020, the average annual cost of Iran’s urban household and a rural household was 60 and 24 million...

Iran: “The Conquest of the Power Structure by Brokers and Corrupt People”

Iran supreme leader Ali Khamenei's faction seeks to attribute the widespread poverty, inequality, class divide, bankruptcy, and current economic...

Must read

Iran’s President orders new missile projects

Iran Focus: Tehran, Iran, Dec. 17 – Iran’s President...

Iran strait “keeps me awake at night”-US Navy boss

Reuters: The chief of the U.S. Navy acknowledged on...

You might also likeRELATED
Recommended to you