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Home Breaking News

Trump threatens to intervene directly in oil markets as global recession risks escalate

March 15, 2026
in Breaking News
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Trump threatens to intervene directly in oil markets as global recession risks escalate
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Enterprise & investing: The clock is ticking. Sixteen days on from the primary strike on Iran by joint US-Israeli forces and there seems to be no signal of a decision in sight because the essential Strait of Hormuz stays largely closed rising the stress on already elevated oil costs above US$100 a barrel.

US President Donald Trump is now threatening to intervene straight in oil futures markets to push down costs, a transfer that the pinnacle of the world’s largest commodity alternate the CME in Chicago warned risked unleashing a “biblical catastrophe”.

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Andrew Patterson is Newsroom’s Markets Editor and has labored for many years as a monetary journalist, radio presenter and editor with Australia’s ABC, Radio Stay and NBR.
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Tags: Businessescalateforeign affairsglobalInterveneMarketsnewsroom prooilpremiumrecessionRisksthreatensTrump
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