
While US President Donald Trump announced that G7 countries would release their oil stocks, he made claims regarding the ongoing tension with Iran.
AI-generated summary
The USA and G7 countries decided to use their strategic stocks to balance oil supply during the sanctions and military tension period against Iran.
US President Donald Trump made a statement regarding oil prices on his Truth social account. Trump: “Europe has agreed to release most of its stockpiled fuel.” he said.
Trump also announced that the process will begin immediately.
A joint statement on the issue was made first by French President Emmanuel Macron and then by the G7 countries.
Macron said G7 countries would release up to 100 million barrels of diesel fuel and crude oil stocks.
In the joint statement of the G7 countries, it was stated that the process would start immediately and be completed in 4 months, and that "a large amount of diesel fuel will be released to the market within the first 20 days."
"THIS WORK WILL END VERY QUICKLY"
Trump made statements to journalists at Fort Worth International Airport in Dallas, Texas.
Reiterating the claim that they have largely defeated Iran, Trump said, "Their inflation rate is 301 percent. They have no money. Their currency is gone. Their army is defeated. Their navy is finished. Their air force is gone. Everything is gone. One way or another, this will end very quickly. When this is over, oil prices will fall headlong."
Asked whether Iran played a role in the incident near the Fairford base in England, which hosts the US Air Force and led to suspicions of an attack attempt, Trump replied, "I can't say for sure, but it seems so."
HE MENTIONED THE INTERMEDIATE ELECTIONS ABOUT THE IRAN VICTORY
US President Trump also made evaluations about the agenda in his election speech at a truck factory in Denton, Texas.
Arguing that the USA is in a very good situation due to the policies it has implemented, Trump said, "We are seriously reducing the prices and the price of oil is lower than in the Joe Biden era. Moreover, even though we are at war with a country that will never have nuclear weapons and is ready to surrender."
Stating that they will easily win the war against Iran, Trump reminded the midterm elections to be held in his country in November and said, "I believe that we will win right after the election. But maybe we will win before the election. Because their inflation is 300 percent, even about 312 percent according to what I heard. This means that their currency is worthless. They have no money. They have no navy. Their 159 ships are at the bottom of the sea. Their air force has been completely destroyed. They have no anti-aircraft guns. They have some missiles, but we can deal with that. Production "Their capacity is exhausted," he said.
TRUMP: IF THEY HAD NUCLEAR WEAPONS, IT WOULD BE GAME OVER
Stating that most of Iran's leadership is no longer alive, Trump said, "That was one of the problems. We don't know who to talk to. Nobody wants to be the leader. Their leaders are no longer with us. But we are trying to get along with the current person. At some point, you have to get along with someone. We are doing very well. Even the liar New York Times newspaper says that things are not going very well for Iran right now."
Claiming that they had to start a war against Iran at a time when they had the highest public support in US history, Trump said, "I said, 'Friends, we have reached the best numbers in history, but we will have to change course a little, because Iran is about to have a nuclear weapon.' They were three or four weeks away from a nuclear weapon, and if they achieved this, the game would be over." Stating that they had to extinguish the fire in the Middle East, Trump claimed that if they did not do this, Iran could attack Israel, the Middle East, Europe and the USA. Trump said about the Iranian administration, "They have been shouting 'Death to America' for 51 years."
“OIL TRANSIT THROUGH THE STRAIT OF HORmuz CONTINUES”
Recalling the rumors that oil prices would rise to 300-400 dollars per barrel after the Iran war, Trump said, "However, today it is at the level of 90 dollars." Emphasizing that they have successfully continued the naval blockade against Iran, Trump said, "Iran has not been able to pass even a single ship for months." Despite this, Trump claimed that millions of barrels of oil passed through the Strait of Hormuz and said, "Sometimes even more oil passes through here than before the war. But the lying media does not want to report on this." Emphasizing that Iran has nothing to do, Trump said, "Every once in a while they try to drop mines into the sea, but we usually neutralize them before they do that. Even dropping a single mine into the sea is enough for you not to want to pass a billion-dollar ship through the strait. So, they may cause problems, but we have control."
AI outlook — possibilities, not facts
G7 countries will release 100 million barrels of oil to the market within 4 months.
Very likely · Within months
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