Putin Blames Trump, Iran Sanctions for High Oil Prices

The video discusses the rising oil prices and attributes the cause to the US administration's actions, including sanctions on Iran. It highlights the role of OPEC and its allies in cutting global supplies and the potential impact of political situations in Venezuela and Libya. The video also examines Russia and Saudi Arabia's oil production capabilities and the market's reaction to these changes. Predictions on future oil prices are made, with some experts expecting prices to reach $100 by the New Year, while others express concerns about the potential dangers of such high prices.

Who does the speaker suggest is responsible for the rising oil prices?

• OPEC

• Saudi Arabia

• The US administration

• Russia

What is the concern regarding Russia's oil production capacity?

• Russia is reducing its oil output

• Russia can increase output by 200,000 to 300,000 barrels a day

• Russia's oil is not in demand

• Russia has no spare capacity

What type of crude oil is primarily affected by the Iranian sanctions?

• West Texas Intermediate

• High density, sour crude

• Brent crude

• Light sweet crude

What is the predicted price of Brent crude by the New Year according to some traders?

• $70

• $85

• $100

• $90

What does the Saudi oil minister claim about the current oil supply?

• The financial world is not affecting oil prices

• Oil prices are determined by supply and demand

• All customers are receiving the oil they request

• There is a shortage of oil