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World Business Report

Pressure on OPEC: Trump’s Path to Ending the Ukraine Conflict

Jan 24, 2025
Robin Brooks, a Senior Fellow at the Brookings Institution, shares his insights on Donald Trump's controversial strategy to leverage OPEC for lower oil prices in hopes of ending the Ukraine conflict. They discuss the intricate ties between oil pricing, Russia's economy, and global trade dynamics. Furthermore, the conversation shifts to the ongoing challenges in Lebanon during a fragile ceasefire and highlights a new insurance policy aimed at protecting public figures from cancel culture fallout, showcasing contemporary solutions to reputational risks.
26:26

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Donald Trump posits that influencing OPEC to reduce oil prices could pressure Russia into negotiating for peace in Ukraine.
  • Lebanon's resilience in the aftermath of conflict highlights local adaptability and ongoing challenges amidst a fragile ceasefire with Israel and Hezbollah.

Deep dives

Trump's Oil Price Strategy and the Ukraine Conflict

Donald Trump proposes that if OPEC reduces oil prices, it could help end the conflict in Ukraine. He argues that high oil prices contribute to the ongoing war, suggesting that fewer revenues for Russia would limit its military capabilities. Analysts acknowledge that as Russia's economy heavily relies on oil exports, lowering oil prices could indeed weaken its position in the conflict. However, OPEC's previous production cuts since the invasion have actually aided in supporting higher oil prices, complicating the situation further.

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