Oil surged after the US struck Iran's three main nuclear sites and threatened further attacks, exacerbating a crisis in the Middle East and stoking concerns that energy supplies from the region could be disrupted. Global benchmark Brent rallied as much as 5.7% to $81.40 a barrel, extending three weeks of gains.
Oil Soars as Trump's Attack on Iran Boosts Risks to Supplies
JPMorgan analysts warned earlier this month that a full-blown military conflict and a closure of the strait could hike prices as high as $130 per barrel. That would probably push prices at the pump in the U.S. up by more than $1 from where they are now.
Every action has a reaction and the bliss that the Right is experiencing right now because Trump bombed Iran has consequences, which in this case, are likely to be felt in the pocketbook of all Americans.
Didn't Trump promise to lower inflation with "drill baby, drill"? Well, the fact is that he just drilled his own promise into the ground.
Oil Soars as Trump's Attack on Iran Boosts Risks to Supplies
JPMorgan analysts warned earlier this month that a full-blown military conflict and a closure of the strait could hike prices as high as $130 per barrel. That would probably push prices at the pump in the U.S. up by more than $1 from where they are now.
Every action has a reaction and the bliss that the Right is experiencing right now because Trump bombed Iran has consequences, which in this case, are likely to be felt in the pocketbook of all Americans.
Didn't Trump promise to lower inflation with "drill baby, drill"? Well, the fact is that he just drilled his own promise into the ground.