Oil prices jump after U.S.-Iran strikes raise Gulf tensions

I don’t think the global energy market is back to normal. And I expect the proclamations that a few months’ rise and fall in oil prices was the extent of the economic damage from the Iran war will end up looking very premature.

🇺🇸🇮🇷 Following the US strikes on Iran and the revocation of the Iranian oil sales license, global oil prices rose by more than 2%, - Reuters. Brent crude futures rose $1.92 (2.6%) to $76.08 per barrel, while US West Texas Intermediate (WTI) crude rose $1.82 (2.6%) to $72.26.

🔥 The burning Russian economy keeps having more fuel poured on the fire. Not Russian fuel though: that disappeared due to drone sanctions. The Saudis cut oil prices dramatically to boost their oil sales. As a result, Russian oil prices (and budget revenue) have tanked. 📉

Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in and around the Persian Gulf and the Trump administration revoked a waiver that allowed the sale of Iranian oil in retaliation for attacks on three tankers in the Strait of Hormuz.

📉 Russian oil prices are falling again: the price of Urals crude has dropped to nearly $18 below the level projected in Russia’s budget.

US dependence on Gulf oil is low & it's not *that* difficult to find alternative sources of Gulf-style sour crude. It's not half as easy or profitable as maintaining peace, & it's a whole lot more expensive for everyone, but high prices & no supply are two entirely different levels of bad

...reoccur periodically, the prevailing belief is that it will not evolve into a broader conflict. Should this view be challenged in a significant way, however, oil prices could quickly jump into the $80s or $90s. #economy #markets #oil #energy 2 of 2

Oil prices jump 5 percent after U.S. revokes Iran oil sanctions waiver. thehill.com/business/595...

IRAN WAR FIRES UP: President #DonaldTrump launches new strikes against Iran after three ships were hit in #StraitOfHormuz apnews.com/article/iran... OIL SPIKES: Crude prices rise as #Trump launches strikes on Iran shortly after canceling its license to sell oil www.marketwatch.com/story/oil-pr...

The Lying rapist has now reinstated oil sanctions on Iran which will cause gas prices to skyrocket. The criminal thief would have already bought oil futures. Get rid of this lowlife piece of scum.

Oil prices jump after renewed strikes put shipping recovery at risk.

english.almayadeen.net/news/Economy... Well done Trump you dickhead US strikes on Iran and Tehran’s subsequent retaliatory actions have pushed oil prices higher and placed renewed pressure on shipping through the Strait of Hormuz.

More misunderstandings US attacks on Iran and ending the Iranian oil sanctions waiver have only had a limited impact on oil prices. Investors downplay US threats. www.ubs.com/global/en/we... #EconSky

AJ: Reuters - Oil prices rise by more than 5% after Trump announced the end of the memorandum of understanding with #Iran

*You would think that all kinds of oil-price speculators worldwide would want to closely track the ongoing damage to Russian oil refineries `*And they'd just bribe some roughneck oil workers, look, Ivan, here's $100K, go out and take a bunch of close-up jpegs and send them to me in Riyadh