Washington, March 9 (IANS) Oil prices surged past $100 a barrel as the conflict involving Iran disrupted energy flows through the Strait of Hormuz and rattled global markets.US President Donald Trump defended the spike. He said higher oil prices were a temporary cost tied to confronting Iran’s nuclear threat.“Short-term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace,” Trump wr…
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Washington, March 4 (IANS) Oil and natural gas prices climbed sharply as the war involving Iran raised fears about disruptions to the Strait of Hormuz, a key shipping corridor for global energy, prompting US President Donald Trump to move to reassure markets and protect tanker traffic.Energy markets surged as investors grappled with the widening Middle East conflict and mounting threats to the narrow waterway through which roughly a fifth of the world’s oil and gas flows.According to a report …
Washington, Jan 22 (IANS) US President Donald Trump signalled what he described as a breakthrough framework with NATO on Greenland and Arctic security, linking it to alliance burden-sharing, US economic leverage and a wider transatlantic reset during a packed day of engagements at the World Economic Forum in Davos.“Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in …