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 Shark diver pardoned by Trump says he thought he was 'doing the right thing'...  Former Trump ambassador sets his sights on flipping key Senate seat...  Republican Senator Declares Americans Will 'Get Over' Medicaid Cuts in Trump's 'Big, Beautiful Bill'...  'It was dead-on!' Trump says U.S. 'genius pilots' are 'devastated' by negative news coverage of strikes on Iran ...
Wednesday, 06/25/2025, Video Clip |
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 2d 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.
Wednesday, 06/25/2025, Video Clip |
 Conservative Strategist Proclaims US Violates Other Countries' Sovereignty 'All the Time' in Defense of Trump's Iran Strikes...  Be prepared for “further escalation” from Trump...  Dozens of US Citizens Were Deported by ICE Before Trump Started His Second Term...  What Happened When This Texas Democrat Tried to Impeach Trump Over the Iran Strikes...
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