US EditionTrump Tells ‘Everyone, Keep Oil Prices Down,’ In Unclear Directive
- On June 21st, the U.S. carried out a historic strike targeting three Iranian nuclear facilities, intensifying tensions in the region.
- In response, Iran's parliament approved a plan to potentially close the Strait of Hormuz, a critical maritime corridor for about 20 percent of the world's oil daily.
- Following these events, oil prices surged around 5 to 6 percent, peaking at $78 a barrel on Sunday as approximately 50 oil tankers hurriedly left the strait.
- President Trump called on everyone to help keep oil prices low in a Truth Social post Monday, while experts cautioned that prices might surge as high as $110 per barrel if the Strait of Hormuz is closed.
- The situation risks significant global economic impacts, including higher fuel prices and inflation in countries like Spain if oil flows through the Strait of Hormuz are disrupted.
30 Articles
30 Articles
China fears the closure of Hormuz. Urso convenes the commission on fuels. Since Israel attacked Iran and even more following the attacks of the American bombers on nuclear sites, which yesterday led to retaliation by the regime of Ali Khamenei on the US bases in the Middle East...
SITREP ENERGY ALERT: Trump vs. Big Oil: Why U.S. Drill Giants Might Ignore the Commander-in-Chief - Stephen K Bannon's War Room
Subject: Dave Walsh Breaks Down President Trump’s Likely Oil Strategy in Response to Strait of Hormuz Tensions Energy expert Dave Walsh joined Steve Bannon on Monday’s WarRoom to deliver a stark assessment: President Donald Trump’s public pressure campaign on American oil companies to hold prices steady amid Persian Gulf instability is smart—but likely doomed. Despite Trump’s call for patriotism over profit, Big Oil has historically tracked with…
Trump worried about oil prices after Iran attack
Strangely, oil prices today aren't shooting through the roof. With Iran's parliament voting to close the Strait of Hormuz, with all the oil, LNG and cargo traffic going through it, there should be a reaction by the oil markets. Traders think that Iran...
‘DON’T DO IT!’: Trump Freaks Out Over Oil Prices After Iran Threat
President Donald Trump is in full panic mode after Iran threatened to shut down a key oil shipping route. On Monday, he took to Truth Social, urging oil suppliers around the world to keep prices low. “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!” Trump wrote, using all caps to hammer his point. He posted the warning just minutes after praising a Fox News interview, suggesting he was…
The price of oil is stable despite the US attacks on Iran and so far oil is flowing largely unhindered onto the world market. Whether it continues to do so depends on how Iran chooses to respond. “The threat to the Strait of Hormuz is the market’s nightmare,” says Henrik von Sydow, global affairs analyst at Carnegie.
Desperate tone after starting their own war: "DON'T DO IT." Global economic chaos could await if Iran closes the Strait of Hormuz.
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