monetary expert Diaa Al-Mohsen ruled out, on Sunday, a decline in oil fees due to the tariffs imposed by means of US President Donald Trump on a number of international locations exporting items and commodities to america.
Al-Mohsen informed dinaropinions.com, “there is an urgent need to create sectors parallel to the oil zone which will make certain the financing of the budget, offer it with sales, and keep away from shocks to the level of oil costs.”
He introduced, “Trump’s price lists are not the motive for the decline in oil fees in global markets, as the boom in production by OPEC by way of approximately 260,000 barrels, similarly to political tensions inside the place and the arena, have their reasons that cause this decline.”
He defined that “the tariffs imposed with the aid of Trump centered goods entering america, with the aim of lowering the access of overseas products and accordingly activating the wheel of manufacturing, which is suffering from a recession in america.”
