Trump Remarks Push Oil Prices Higher as Expert Sees Prolonged Pressure

Remarks by Trump have pushed oil prices higher, with oil expert Dr. Abdul Sami Behbehani expecting prices to remain above $100 until the first quarter of next year.

Behbehani attributed that outlook to difficulties affecting tanker passage and extensive damage to oil facilities, both of which are putting pressure on supply.

Disrupted tanker movements can delay oil deliveries, while damage to facilities can constrain the industry’s ability to produce and move crude. Together, those problems could keep upward pressure on prices.

The forecast suggests that the market’s concerns extend beyond Trump’s remarks to the physical movement and availability of oil. The summary provided no details on the remarks, the affected facilities or the tanker routes involved.