![]() 'It was all lies!' Massive backlash spreads as Trump tries to spin bombing... ![]() Democrats struggle to come up with a unified response to Trump's Iran strikes... ![]() You Vote: Regarding Pres Trump's order to strike Iran's nuclear facility sites and its execution... ![]() Rare look inside top-secret Situation Room where Trump approved US strikes on Iran...
|
Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; oil dips as Trump demands lower prices – as it happened![]() From 11h ago 10.50 EDT Closing post Time to wrap up… The financial markets have reacted pretty calmly to the US attacks on Iran’s nuclear facilities. Although oil did spike by 5% when trading began today, that jump quickly unwound. Indeed, crude oil prices are now down around 1% today, after US president Donald Trump called for cheaper prices, saying: EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT! Trump also stepped up his call for the US to increase its oil production, writing: “To the Department of Energy: DRILL, BABY, DRILL!!!” And I mean NOW!!!” Economists have warned that oil prices could jump if supplies from the gulf region were disruped. Goldman Sachs estimated that disruptions to shipping through the strait of Hormuz could push the price of Brent crude over $100 per barrel, up from $76 per barrel today. The strait of Hormuz: how could Iran close it and why does it matter to global trade? Read more Jim Reid of Deutsche Bank warned that maintaining the accessibility of the Strait of Hormuz is “pivotal to the global economic outlook”, explaining: Despite being just 21 nautical miles wide at its broadest point, the strait handles a significant share of Middle Eastern oil exports.
"Project 2025 Is Florida 2020" - Rep. Maxwell Frost On DeSantis, ICE Detentions And Due Process |
![]() You Vote: Regarding Pres Trump's order to strike Iran's nuclear facility sites and its execution... ![]() ICYMI: Trump DOJ Scores Historic Win for Workers in Antitrust Case.... ![]() Inside the 2024 Iranian effort to assassinate Trump for the killing of Soleimani... ![]() Even Adam Schiff Doesn’t Seem To Be A Fan Of AOC’s Call To Impeach Trump Over Iran Bombing...
|
QUESTIONS, SHOOT US AN EMAIL (ATTN: ASHTON O'BRIEN) at DRUDGEREPORTNEWSARCHIVES@GMAIL.COM