Crude oil prices surged above $100 per barrel on Sunday, after major Middle East producers cut output because the critical Strait of Hormuz remains closed due to the Iran war.
West Texas Intermediate jumped 17%, or $15.32, to $106.22 per barrel. Global benchmark Brent advanced 15%, or $14.28, to $106.92. U.S. crude oil surged about 35% last week in its biggest gain in futures trading history dating back to 1983. The last time oil prices topped $100 per barrel was after Russia invaded Ukraine in 2022.
Shortly after oil blasted past $100 at the open of trading Sunday evening, Donald Trump posted on Truth Social that a gain in “short term oil prices” was a “very small price to pay” for destroying Iran’s nuclear threat.
It’s so easy for the child fucker to say that when I pay for his fuel usage.
It’s the same price we paid for war with Iraq which took about 20 years to become a stable and self-functioning state.
Small price to pay for covering up your involvement in the Epstein files you pedophile
Small price to pay… besides the US bases being targeted by missiles, the billions in defense hardware being used, refineries in neighboring countries being targeted and hit, the economy under further seige, and we haven’t yet been hit by the price increases due to transportation costs of goods.
Yeah. He left all of that out.
Also it was a small price to pay for defeating Iran , something that hasn’t been achieved yet.
i mean yeah it sucks for us but chevron’s doing great. can’t you see the big picture
Small price to pay for distracting people from the Epstein files.
Can’t wait to see stickers of trump and “I did that” on the gas pumps…
Already have mine! 🤣
That’s what HE said!
Funny, Iran never bothered me before but NOW it’s really bothering me.
Trump did THAT.
What that man says and what that man does is two different things.
Does expensive oil help Russia? I presume that it would. Probably doesn’t hurt the Muskrat either.
It already is. The US gave India an exception to buy Russian oil.
very very much so. that and potash is about all they have it feels like some days.
So it’s kind of like a carbon tax, but only higher.
Oh man I long for the days where we were worried about the carbon tax…
It’s a small comfort, knowing if this war doesn’t spiral and kill us all, or if AI doesn’t kill us all, or if disease doesn’t kill us all, or MAGA doesn’t kill us all… there will still be catastrophic climate change waiting to… kill us all.
Just wait until somewheres around July. I predict we see the lowest arctic ice extent on record, followed immediately by El Nino and panic around wintertime when we realize the ice free summers are now upon us in the arctic.
panic around wintertime when we realize the ice free summers are now upon us in the arctic.
Literally what Putin and Trump are looking forward to, opening up those northeast and northwest passages.
a carbon tax where oil magnates get rich
