Oil Prices Slip as Trump Demands Compensation from Iran

Oil is used to make fuel for cars, planes, and many other things, and its price changes every day.

This week, the price of oil went down a little bit.

At the same time, the President of the United States wrote a message online to Iran.

Iran had asked for money to help fix damage from a fight between the two countries.

The President said he wants Iran to pay money to the families of people who were hurt or died instead.

He mentioned a big ship called the USS Cole and people in places like Lebanon, Syria, Yemen, and Gaza.

When countries argue like this, the price of oil can change because people worry about supply.

Some experts think the price of oil might go up because the two countries have not agreed yet.

But for now, oil is still moving through a very important waterway called the Strait of Hormuz.

So the price slipped a little, and everyone is watching carefully to see what happens next.