Trump Calls on Fed to Lower Interest Rates, Crude Prices Jump
Edited By WION Video Desk
Published: Mar 13, 2026, 09:45 IST | Updated: Mar 13, 2026, 09:45 IST
President Donald Trump has urged the Federal Reserve to cut interest rates, citing economic pressures amid rising oil prices. Crude prices have surged as the Strait of Hormuz remains blocked, threatening global energy supply and pushing markets higher. The Strait of Hormuz is a crucial chokepoint for oil shipments, and ongoing geopolitical tensions have heightened fears of prolonged disruption.
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