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Oil prices jump as market awaits Iran response to attacks
Oil prices surged Sunday evening to the highest levels since President Donald Trump returned to office as energy markets digested the U.S. military strike on Iran's nuclear facilities — and the risk that Tehran may try to disrupt the flow of crude oil out of the Middle East.
U.S. crude oil futures rallied more than 6 percent to peak at $78 a barrel, more than $1 higher than the price on Jan. 20 when Trump was inaugurated. That jump is likely to filter through to gasoline prices just as drivers prepare to hit the road for the long July 4th weekend next week.
"Should oil exports through the Strait of Hormuz be affected, we could easily see $100 oil," said Andy Lipow, president of Lipow Oil Associates.
Following the outbreak of the Israel-Iran war, JPMorgan analysts forecast that under a "severe outcome," a closure of the Strait of Hormuz could push oil prices to $120–$130 per barrel.
If crude climbs into that range, analysts predict gasoline and diesel prices could rise by as much as $1.25 per gallon.
“Consumers would be looking at a national average gasoline price of around $4.50 per gallon—closer to $6.00 if you’re in California,” Lipow said.
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Islamic socialist Zohran Mamdani is now in 1st place in the NY mayoral election. NY is fcked.
The enemy within. That is how it all starts. Look at the UK and France.Leave a comment:
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Do you think Iran is going to publish the day and time they will move their Uranium to a new location in the NYT? Don't be naive they can keep stuff secret in their country. Just because the Uranium was enriched in those facilities it doesn't mean it was stored there after processed. Could be stored in their ally Russia.
Says who ? The NY Times according to two anonymous Israeli officials ?
Show me one article mentioning these moves before the strikes from people on the record .
Oh , and that other article about Russia and other countries willing to supply Iran with nukes after the US strike …
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Come on jt, the MSM and democrats are known for their integrity and non-partisan truthful journalism.
HOAX: The Fake News claimed the Department of Defense removed Gen. Colin Powell’s name from a list of notable Americans buried at Arlington Cemetery.
FACT: No service members’ names were removed from that section — and Gen. Powell’s name remains among those listed.
HOAX: Rep. Eric Swalwell (D-CA) claimed “no president” presided over more plane crashes during their first month in office as President Trump.
FACT: “There were 55 aviation accidents in the U.S. between Biden’s inauguration on Jan. 21, 2021, and Feb. 17, 2021, compared to 35 during the same period for Trump,” Fox News reported.
HOAX: Gov. JB Pritzker (D-IL) and Chicago Public Schools officials claimed, without bothering to verify, that ICE agents had conducted a “raid” at an elementary school — a false claim echoed by media outlets, including the Chicago Tribune.
FACT: It was actually the U.S. Secret Service investigating a threat unrelated to immigration.
HOAX: The Fake News attempted to paint illegal immigrant gang member Kilmar Abrego Garcia as an innocent “Maryland father” who was unjustly deported by the Trump Administration — and actively censored the truth about him.
FACT: Abrego Garcia is a citizen of El Salvador and was deported to his home country amid overwhelming evidence of his gang affiliation.
HOAX: Rep. Debbie Wasserman Schultz (D-FL) claimed Secretary of Homeland Security Kristi Noem called all Venezuelan immigrants “dirtbags.”
FACT: Secretary Noem actually called illegal immigrant members of the vicious Tren de Aragua gang “dirtbags,” which is true.
HOAX: Rep. Jasmine Crockett (D-TX) exploited the Ronald Reagan Washington National Airport plane crash tragedy by claiming President Trump “froze the hiring” of air traffic controllers.
FACT: Air traffic controllers were exempt from the federal hiring freeze.
HOAX: The Washington Post alleged the Trump Administration was setting “quotas” for immigration authorities — and gave the administration just four minutes to comment before publishing.
FACT: As usual, this was a fake story.
HOAX: Sen. Mazie Hirono (D-HI) claimed Attorney General Pam Bondi created a “weaponizing task force.”
FACT: It was a task force to END weaponization at the Department of Justice.
HOAX: CBS News reported that Secretary of Defense Pete Hegseth ordered a “makeup studio” be installed inside the Pentagon.
FACT: It was a “totally fake story,” and the alleged studio was really an existing green room with no frills.
HOAX: Politico reported the Trump Administration was debating lifting sanctions on Russian energy assets, including the Nord Stream pipeline.
FACT: This was debunked by both Secretary of State Marco Rubio and Special Envoy Steve Witkoff.
HOAX: The Wall Street Journal alleged that Special Envoy Steve Witkoff was receiving sensitive information on a personal phone while in Moscow and that Russian Intelligence must’ve had access to the information.
FACT: This was a total fabrication. Special Envoy Witkoff did not even have a personal phone with him in Russia. He had only a government phone; a secure line of communication.
HOAX: An AP reporter claimed that FAA staff who worked on “radar, landing and navigational aid maintenance, among others” were “harassed on Facebook” by DOGE.
FACT: That was a total lie. DOGE doesn’t have a Facebook page and no professionals who perform critical safety functions were fired.
HOAX: The Daily Beast claimed Vice President JD Vance “broke one of the most notorious Vatican rules during his Easter weekend visit” by being photographed in the Sistine Chapel.
FACT: Buried all the way down in the 14th paragraph, The Daily Beast admitted the vice president was given special permission by the Vatican to have photographs taken inside the Sistine Chapel.
HOAX: The New York Times reported that funding for the Women’s Health Initiative was being slashed by the Department of Health and Human Services.
FACT: Secretary Robert F. Kennedy, Jr., himself declared this Fake News and recognized the project is “mission critical.”
HOAX: Fox News’s Jennifer Griffin gave legitimacy to a hoax from delusional Reps. Debbie Wasserman Schultz (D-FL) and Rosa DeLauro (D-CT) that Secretary of Defense Pete Hegseth requested nearly $140,000 in “upgrades” to his government residence.
FACT: This lie was debunked by Secretary Hegseth — and it was so outrageous, even the AP was forced to admit it was completely fake.
HOAX: NBC’s Kristen Welker peddled a Fake News hoax that the Trump Administration was deporting children.
FACT: Secretary of State Marco Rubio shut down her desperate attempt at a hoax by highlighting how the mother, who was in the country illegally, made that choice all on her own.
HOAX: The New York Times implied President Trump was alone in wearing a blue suit to the funeral of Pope Francis.
FACT: Photos show dozens of world leaders and other attendees — many situated near President Trump — also wearing blue clothing.
HOAX: PBS News claimed “DOGE operatives attempted to gain access to secure spaces,” implying they attempted to access classified information without approval.
FACT: This wasn’t even remotely true.
HOAX: The AP falsely claimed Director of National Intelligence Tulsi Gabbard said President Trump is “very good friends” with Russian President Vladimir Putin.
FACT: The AP was humiliatingly forced to retract its story, admitting they were wrong. Stephanie Ruhle also had to issue a correction. DNI Gabbard was referencing President Trump’s relationship with Indian PM Narendra Modi.
Last edited by DwightShrute; 06-23-25, 10:33 AM.Leave a comment:
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Says who ? The NY Times according to two anonymous Israeli officials ?
Show me one article mentioning these moves before the strikes from people on the record .
Oh , and that other article about Russia and other countries willing to supply Iran with nukes after the US strike …
Last edited by jt315; 06-23-25, 10:14 AM.Leave a comment:
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Not sure why you are laughing. Do you think Iran as soon as Trump won the election didn't start removing the uranium from the sites and store it to another secret location no one knows about it? Do you think these sites were fully operational and stuffed when the bombs hit? They had months to evacuate and move anything they wanted from there. The problem now is no one knows how much uranium Iran has as there is nothing to check it with whereas the previous process in place had them in check.Leave a comment:
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Pakistan condemns Trump for bombing Iran a day after recommending him for a Nobel Peace Prize
Damn Taco had the Nobel Peace Prize in the bag if he didn't declare war to Iran. Decisions have consequences.Pakistan condemned U.S. President Donald Trump for bombing Iran, less than 24 hours after saying he deserved a Nobel Peace Prize for defusing a recent crisis with India.
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Surely never has there ever before been a party with so many elected members found to be publicly contradicting their previous stances on which they were elected.Leave a comment:
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