White House Official: Trump and Oil companies discussed continuation of blockade for months if needed

Eren Sengezer FXStreet

Citing a White House official, Reuters reported on Wednesday that United States (US) President Donald Trump met with top officials from Chevron and other major energy companies to discuss global Oil markets amid the Middle East conflict.

According to the official, Trump spoke to Oil companies about the steps to continue the Iran blockade for months if needed.

Market reaction

The US Dollar (USD) Index edged higher with the immediate reaction to this headline and was last seen trading at 98.85, rising 0.26% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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