Trump demands Opec cuts oil price and central banks trim interest rates
Donald Trump has called on oil producers’ group Opec to bring down global prices in order to put pressure on Russia to end the war in Ukraine, the Financial Times reports. It quotes from an address Trump delivered by video to the World Economic Forum in Davos on Thursday in which he said: “Right now the price is high enough that that war will continue. You gotta bring down the oil price. That will end that war. You could end that war.” The paper says he also called on central banks around the world to follow the US in lowering their interest rates.