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Higher oil prices because of war

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The price for oil goes up. The USA and Iran have a war. The USA attacks many targets in Iran. The USA attacks ships and weapons. Donald Trump is the leader of the USA. He stops all talks with Iran.

The USA stops the trade of oil with Iran. This is a punishment. This rule is called 'Sanktionen'. Hormus is a way for ships in the sea. People attack oil ships there. Many people fear a lack of energy. Gas is expensive now.

The company Exxon Mobil earns much money. The company makes 5 billion dollars more. This is because of the high oil price. Donald Trump wants cheaper prices for the people. He asks the companies for lower prices.

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Definitions

Sanktionen
Sanktionen are punishments. A country stops trade with another country.

People

Donald Trump
Donald Trump is the leader of the USA.

Locations

Hormus
Hormus is a narrow way in the sea for ships.

Sources

Logo Standard
Standard

Exxon stellt Milliardengewinn dank hoher Ölpreise in Aussicht

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Logo Bild
Bild

Nach Angriffen der USA auf Iran: Ölpreise knallen rauf

Read now
la Repubblica

Petrolio, quotazioni in salita dopo gli attacchi. Ancora rialzi per il prezzo di benzina e diesel

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Logo Kurier
Kurier

„Zeitverschwendung“: Feuerpause vorbei, Trump will sich nicht mehr mit Iran abgeben

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