President Donald Trump's pressure on international firms not to buy Iranian oil will drive prices higher and end up hurting his own economy.
Trump's demand that Iranian oil should not be bought, and (his) pressures on European firms at a time when Nigeria and Libya are in crisis, when Venezuela's oil exports have fallen due to U.S. sanctions, when Saudi's domestic consumption has increased in summer, is nothing but a self harm.
Market players said that it will increases the prices of oil in the global markets and at the end it is the American consumer who will pay the price for Mr. Trump's policy.
