|
 American travelers should know escape routes at transit hubs after Iran strikes, security expert warns...  Ford recalls nearly 200,000 Mustang Mach Es due to faulty door latches...  Legacy Media’s Early Reaction to U.S. Bombing Iran Nuke Sites: SHOCK AND SQUAWK...  Utah student arrested in Colorado is released, describes 'nightmare' ICE detention...
|
What does the widening military conflict in Iran mean for oil prices? Here's what the experts say. Iran's threat to close the Strait of Hormuz could disrupt world oil prices The U.S. military strikes in Iran are raising questions about the impact on the oil and gas industry, including whether the widening conflict could result in higher energy prices for Americans. Oil prices jumped 4% on Sunday night shortly after the start of trading, but retreated as experts speculated that Iran is unlikely to close the Strait of Hormuz, a major commercial waterway that the country partly controls and that is strategically vital for the flow of crude into global markets. Still, the geopolitical crisis is sparking concerns that worsening hostilities could squeeze the world's supply of oil, which would likely drive up gas and other energy costs, as well for other products refined from crude. Iran said Monday that it launched an attack on the U.S. Al Udeid Air Base in Qatar, with witnesses telling multiple news agencies that they saw what appeared to be missiles over the country. Iran, a major producer of crude, controls the northern side of the Strait of Hormuz, which is used by ships carrying roughly 20% of the world's daily supply of oil. "In practice, Iranian efforts to 'close' the Strait could encompass a number of actions including attacking and detaining ships using the waterway,
Monday, 06/23/2025, Video Clip |
 Hydrogen fuel breakthrough may replace diesel in heavy transport...  Five key jobs that may save you from being drafted if WW3 breaks out...  Inside the 2024 Iranian effort to assassinate Trump for the killing of Soleimani...  Hakeem Jeffries Was Too Busy to Answer WH Call, Now Stomps His Feet and Demands Immediate Iran Briefing...
|
QUESTIONS, SHOOT US AN EMAIL (ATTN: ASHTON O'BRIEN) at DRUDGEREPORTNEWSARCHIVES@GMAIL.COM
