Citibank: Israel's actions have complicated President Trump's efforts to lower oil prices.

Citigroup analysts stated in a report that the Trump administration's goal of achieving low oil prices may become more complicated due to Israel's attack on Iran, which caused Brent crude prices to rise to $78.50 overnight. "The only way to lower oil prices is through diplomatic means, as changes in oil supply may be greater than changes in demand." As American oil producers have not yet taken action to increase production, and Saudi Arabia is accelerating the recovery of oil supply, releasing Iranian oil could effectively increase supply. However, Israel's military actions may delay or disrupt negotiations between the US and Iran. Citigroup expects any supply disruptions to be limited, and predicts that energy prices will not remain high for an extended period of time.