Trump Browbeats Davos Elite to Curb Oil Prices, Interest Rates

Jan. 23, 2025, 7:33 PM UTC

US President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil,” casting the push for more crude output as a way to heighten pressure on Russia and help end the nearly three-year war in Ukraine.

“If the price came down, the Russia-Ukraine war would end immediately,” Trump told world leaders gathered in Davos, Switzerland, on Thursday. “Right now, the price is high enough that the war will continue.”

Trump’s entreaty for more production comes as fresh sanctions on Russian supplies that were imposed days before he took office have begun ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.