MS NOW's Stephanie Ruhle breaks down the FACTS behind President Trump blaming Ukraine for historically high diesel prices, noting that while Ukraine's war has contributed to higher costs, so has Trump's war with Iran.
Oil prices jumped and stock futures fell slightly on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
By Ronald Stein P.E. – Yoshihiro Muronaka – America Out Load Social media, smartphones, computers, and the many electronic devices that did not exist a century ago are being called “addictive.” A similar question is now [...]
Iran-backed rebels in Yemen captured the strategic Perim Island in the Bab al-Mandeb Strait on Friday, two Yemeni government sources told CNN, potentially expanding Tehran’s influence over another key global shipping route. Meanwhile, The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy. 0:00 Prices continue to rise as inflation worsens 3:26 Panel discusses inflation's effect on American consumers 6:15 The reality of President Trump's $5,000 promise 8:49 Trump tells Republicans to "cheat like hell" Watch 24/7 live news with CNN Headlines:…
The last time WTI prices broke the $100 per barrel mark was in May, after which they fell following the announcement of an interim peace agreement with Iran. That agreement has since expired, and global markets are responding as hostilities continue.
State of the Union: As tit-for-tat fighting continues, Tehran appears more willing to escalate. The post Iran War Day 194: Oil Hits $100 Per Barrel appeared first on The American Conservative .
The price of Brent crude hit $100 per barrel Wednesday morning after heavy fighting between the U.S. and Iran. That’s the highest level since late July for the key international benchmark. U.S. Central Command said Tuesday evening it had struck Iranian assets: “CENTCOM forces destroyed five Iranian crude oil carriers, Sept. 8, after the Islamic Revolutionary Guard Corps (IRGC) targeted a U.S. Navy warship with ballistic missiles twice over the past two days.” The IRGC, a force in the Iranian military, painted a different picture of its own preceding attacks, saying it had successfully damaged two warships in ballistic missile strikes. After the U.S. strikes on Tuesday, Iran launched missiles at Jordan, which hosts American…Open