Oil price tops $100 again as Iran strikes economic targets across Middle East Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets The Guardian - UK · Mar 11
The fog of war is coming from inside the White House—and it cost oil markets $84 million in ten minutes Meanwhile, the market shrugs at news of a record emergency release of oil. Fortune · Mar 11
Energy Secretary falsely claimed Navy escorted tanker through Strait of Hormuz – markets lost $84 million while he tried to backtrack Gave the market false hope. We Got This Covered · Mar 11
War Rations Plus: Pete Hegseth spends millions on lobster tail and rib-eye steak, oil prices go for another roller-coaster ride, no inflation increase, and more... Reason · Mar 11
Confirmed, deleted, then clarified: US shifts stance on navy 'escorting' oil tanker in Strait of Hormuz A US Energy Secretary's claim of escorting an oil tanker through the Strait of Hormuz was swiftly deleted and corrected by the White House, stating no such escort occurred. This caused market jitters, with oil prices fluctuating. Iran's Revolutionary Guards also refuted the assertion, calling it false. The Strait remains… The Times of India · Mar 11
Three merchant ships struck as tensions rise in Hormuz strait amid Iran war Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vessels The Guardian - UK · Mar 11
Deleted social media post from Trump’s energy secretary sends oil markets into frenzy: report Earlier Tuesday, Energy Secretary Chris Wright wrote on X that the U.S. Navy had escorted an oil tanker through the Strait of Hormuz The Independent UK · Mar 11
Stocks End Slightly Lower as T-note Yields Rise The S&P 500 Index ($SPX ) (SPY ) on Tuesday fell -0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) fell -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -0.04%. March E-mini S&P futures (ESH26 ) fell -0.11%, and March E-mini Nasdaq futures (NQH26 ) rose... Barchart · Mar 10
Crude Prices Plunge on Hopes for a Quick End to Iran War or at least a G-7 Oil Stockpile Release April WTI crude oil (CLJ26 ) on Tuesday closed down -11.32 (-11.94%) at $83.45, and April RBOB gasoline (RBJ26 ) closed down -0.1681 (-5.99%). April WTI crude oil on Monday rallied to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $83-per-barrel area. Crude oil prices... Barchart · Mar 10
US Navy has not escorted a tanker through Strait of Hormuz but...: White House clarifies energy secretary's deleted post White House spokesperson Karoline Leavitt Tuesday clarified that US Navy did not escort a tanker through the Strait of Hormuz at this time but added that it remains an option that the president will utilize if and when necessary. Hours before Leavitt's press conference, US energy secretary Chris Wright claimed… The Times of India · Mar 10
Senator begs Israel to stop attacking oil assets, citing humanitarian reasons, but we all know it is just about the oil Pleads with Netanyahu to "be cautious about what targets you select". We Got This Covered · Mar 10
Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full Since the beginning of Trump’s second term, the strategic oil reserve has grown only 5%. Fortune · Mar 9
Oil Prices Surge Above Pandemic-Era Levels As Iran War Tightens Supply Chain Gas prices have spiked 27 cents a gallon in the last week as the Iran war has caused the price of oil to skyrocket. International Business Times · Mar 9
Roll Call · Mar 9 Rising pump prices draw calls to action from Democrats As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…
The Independent UK · Mar 9 Gasoline prices have already jumped 19% since Iran attacks started with oil prices continuing to soar President Donald Trump insists rising costs from the Iran conflict are ‘a very small price to pay’ for ‘peace’
The Times of India · Mar 9 A new Khamenei as Supreme Leader, oil above $100: Did Trump miscalculate Iran? Operation Epic Fury escalates as Iran installs Mojtaba Khamenei as supreme leader following his father's death. With oil prices soaring above $100 a barrel and attacks widening across the region, the conflict is morphing into a larger, riskier war with no clear end in sight.
The Independent UK · Mar 9 Oil prices: What it means for your money as Brent crude surges again after Iraq tanker attacks Energy bills rising is an inflationary pressure the UK’s economy could do without
International Business Times UK · Mar 9 Oil Prices Hit $100 as Middle East War Threatens 20% of World Oil Supply Crude oil prices hit $110 amid Middle East tensions, risking a global energy crisis. Discover how market volatility impacts global economies and energy supplies.
The Independent UK · Mar 9 Trump says oil price spike is ‘very small price to pay for safety and peace’ as Iran war rages On Sunday, oil prices surpassed the $100-a-barrel milestone for the first time in more than three-and-a-half years
Axios · Mar 8 Schumer calls on Trump to release oil from reserve to lower gas prices Republicans have been slow to embrace the idea.
The Guardian - US · Mar 8 US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry
Axios · Mar 8 Trump's energy chief blames oil price spike on market fear Gas is up 47 cents a gallon in one week.
Axios · Mar 6 Energy woes deepen as Trump team looks to soften blow Oil and gasoline prices are marching upward again Friday, even as Trump administration officials seek ways to get more barrels into the market.
The Guardian - US · Mar 5 Kristi Noem confronts grim truth that everyone is expendable in Trump world Many will regard the ex-secretary of homeland security, Trump’s first fired cabinet member, as the worst yet seen