NEWSNATIONNOW (Ryan Mancini and The Hill) - Trump floats idea to 'stay and keep the oil' in Iran, noting Venezuela deal
The president previously made similar comments about the conflict ending after the midterms.
NEWSNATIONNOW (Josie Fischels) - Why threats to the Strait of Hormuz and Red Sea could rattle oil markets
Two of the world's most important shipping chokepoints are under pressure, raising new concerns about global energy supplies.
REDSTATE (RedState) - Diesel Fuel Prices Hitting Nationwide Highs. California: 'Hold My Beer'.
NYTIMES (Ismaeel Naar and Aaron Boxerman) - Saudi Arabia’s Oil ‘Lifeline’ Was Attacked. Here’s What to Know.
A drone attack from Iraq forced Saudi Arabia to close its East-West pipeline, the kingdom said, threatening a key workaround to Iran’s Persian Gulf blockade.
JUSTTHENEWS (Kevin Killough) - White House discussed using Defense Production Act to expand U.S. refining capacity: report
The proposal came up during a recent meeting between President Donald Trump and a dozen U.S. refiners, where they discussed the ways in which the federal government could support increased refining capacity.
NEWSCATS - The 6,000 reasons the world can’t simply quit oil
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 [...]
YOUTUBE (CNN) - Iran war expands, inflation worsens as Trump asks Republicans to vote
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:…
JUSTTHENEWS (Misty Severi) - Saudi Arabia shuts down critical oil pipeline after Iraqi drone attack
The Saudi Arabian Energy Ministry said the shutdown of the East-West pipeline, which is an increasingly critical means to send oil from the Persian Gulf to the Red Sea, was a precautionary measure.
AXIOS (Nathan Bomey) - Record diesel prices stoke food inflation, transportation costs
The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs due to trade tensions. Why it matters: Diesel is a key cost throughout the supply chain, meaning soaring prices could eventually show up in what consumers pay for everything from groceries to household goods. Driving the news: The national average price of a gallon of diesel topped $6 for the first time ever, AAA said Friday, Axios' Ben Berkowitz reports . - That's up 60% from a year earlier. Between the lines: Food prices could be among the first places consumers feel the ripple effects, executives said this week. - At grocery chain Kroger, which has been trying to keep a lid on…
DAILYCALLER (Simon August) - Houthi Territory Gains Threaten To Choke Off Saudi Oil, As Trump Refuses Call For Strikes
‘focused on protecting our core national security interests’