Israeli Operation Complicates Trump's Bid for Lower Oil Prices โ€” Market Talk The Trump administration's goal of achieving lower oil prices will likely be complicated by Israel's strikes against Iran, which lifted Brent to $78.50 overnight, Citi analysts say in a note. "The only way to get to lower oil prices is through diplomacy, since oil supply can move more than demand." Since U.S. oil producers haven't moved to raise production, and Saudi Arabia is already accelerating the return of barrels, unlocking Iranian oil can be effective in increasing supply, "but Israel's military actions may delay or disrupt the U.S.-Iran negotiation process," they say. Citi expects any supply disruptions to be limited, and "we don't expect energy prices to stay elevated for a sustained period of time."
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