President Donald Trump vowed on Monday to “look at” a potential embargo on Saudi oil shipments to the United States as record low oil prices turned negative for the first time ever.
Trump indicated he was open to the idea at the daily White House briefing when a reporter asked him to respond to the proposal issued by some Republican lawmakers who represent hard-hit shale oil-producing states, where the global oversupply of oil coupled with decreased demand due to the COVID-19 pandemic have drastically accelerated layoffs.