Julian Lee: Trump is wrong - The US does still need Middle East’s oil

The US still imports the kind of crude pumped in Iraq and Saudi Arabia, and any disruption to the region’s oil exports would drive prices up at American pumps, writes Julian Lee.

US president Donald Trump was wrong last week when he said that the US doesn’t need Middle East oil. For one thing, US refiners still need to process it to make the products their customers want. What’s more, America’s car drivers and truckers need it to keep flowing or else they’ll face higher prices at their local gas pump.