U.S. Backs off Trump Tweet on Saudis Helping Lower Oil Price

The video discusses the recent rise in oil prices and its impact on the US economy, particularly in relation to gasoline prices and the car culture. It highlights President Trump's attempts to influence Saudi Arabia to increase oil production, which were unsuccessful due to OPEC's firm stance. The discussion also touches on the political implications of these events, especially concerning the upcoming midterm elections in the US.

What was the outcome of Trump's phone call with Saudi leaders regarding oil production?

What is the significance of oil prices in relation to the upcoming midterm elections?