Oil prices jump after U.S. and Iran exchange fire in Strait of Hormuz
U.S. and Iranian naval forces exchanged fire in the Strait of Hormuz, and Brent crude prices jumped as traders feared disruptions to shipments through the critical chokepoint. The February 2026 outbreak of the Iran war has already disrupted oil trade, contributing to a sustained surge in crude and pushing up inflation pressures globally. A renewed escalation risks further lifting benchmark crude, raising gasoline and heating-fuel costs and adding fresh strain to global markets and public finances.
Explosions are reported in the Strait of Hormuz, Iran's state broadcaster says, describing an "exchange of fire" between Iran and the "enemy" The US has yet to comment on the reports - the BBC has reached out to US Central Command (Centcom) for more information This is a breaking news story on BBC
Vibe With The Void17I really hate how I assume that Iran is a more trustworthy source than my own government. A complete failure of liberal democracy and the institutional 'safeguards' that are meant to check unlawful action.
Magnus Lehnsherr12We have met the enemy and he is us.
Robert Fischoff5Special Military Operations have a life of their own. Just ask Putin about that.
53ford.bsky.social4What were the prediction markets posting an hour ago?
Thegrumpybluedot3This is an illegal war. Congress, by law, had to approve weeks ago. Republicans in the US Congress ceased being a co-equal branch of the US government. Fuck this wanna be king, Trump.
I’m the Bombardier2But the ceasefire is still in effect.
bizbodeity.bsky.social2It's not a "war" unless Trump says it is.
MadGreek 🧿2In this scenario we are the enemy right?
@Invisible91112fire fights breaking out all over the straights
👀🇺🇸 A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by Trump, - Reiters
MAKS 25 👀🇺🇦70The size exceeds previously reported bets amounting to $2.6 billion, which have already prompted the U.S. administration to warn staff against using nonpublic information for financial benefit.
jack4trump republican corruption will end up taking down the economy
exercice-de-style.bsky.social4🤮 With Trump, the golden age for: insider trading, cronyism, pardoned drug traffickers and financial criminals, brutal "OPs", illegal trade wars, and permanent insults and threats! Al Capone was an amateur!
