Democrats Urge Trump to ‘Stand Up to OPEC’ Amid Rising Oil Prices
- Venezuela sanctions, Iran nuke deal withdrawal boosted prices
- U.S. influence at OPEC meeting ‘basically zero’: Evercore
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Senate Democrats are urging President Donald Trump to rein in OPEC with pump prices at a three-year high, and even send his energy secretary to the cartel’s June meeting to reinforce the message.
The reality is that Trump has few tools at his disposal to make life more bearable for motorists as the summer driving season approaches, other than reversing some major foreign policy efforts, such as sanctions on Venezuela or walking away from the Iran nuclear deal. Tweeting hasn’t worked: Crude has rallied six percent since the president tweeted last month that rising oil prices "will not be accepted."