Oil prices on Sunday crossed into triple digits for the first time since 2022 " a stark sign of how the Iran war is throttling global supplies and raising consumers' costs.
Trump Is Risking a Global Stagflation Crisis With His Iran War
The effect on oil and gas could be much, much larger than he thinks. And that shock will be passed on to every sector of the economy.[image or embed]
" Jon Cooper (@joncooper-us.bsky.social) Mar 7, 2026 at 6:46 PM
"Trump is leading us into a recession."
If Trump continues leading it will be a Greatest Depression.
Saudi Arabia Starts Reducing Oil Production As Hormuz Closure Fills Storage
www.ndtv.com
... Saudi Arabia has started reducing oil production as the near-blockage of the critical Strait of Hormuz starts filling storage tanks, according to a person familiar with the matter, even as it rushes to reroute some supplies through the Red Sea.
The cuts by the kingdom, the world's biggest oil exporter, follow the United Arab Emirates, Kuwait and Iraq. Some of the countries have been preemptively turning production lower so as not to overwhelm storage too quickly and avoid a complete shutdown of output. ...
It is funny watching lefties whine about the price of oil when they want to regulate its usage out of existence.
If you think that is funny, you should really laugh that MAGAtards rolled back domestic alternative energy initiatives, caused massive instability in the world so oil costs go through the roof, all while talking about "energy security".
But you won't. You deflect. Because you're a hack.
Trump promised to fill America's oil reserves right to the top.' A year later, oil has exceeded $100 and they're still less than 60% ful
Yuck it up, -------.
#44 What? We're supposed to believe your "those sources suck."
Or do we look at what our #1 global economic adversary is doing regarding those sources?
As China becomes the global leader in renewable energy, the U.S. is falling behind
China is expanding renewable energy exponentially while the U.S. is going backward. How China became the global leader, why the U.S. falling behind and what it means for these countries' economies.
@#4 ... Trump is leading us into a recession. ...
Trump says he has a plan for oil prices: "You'll be very happy"
www.cbsnews.com
... Post: President Trump told the New York Post he has a plan to address surging oil prices, as the U.S.-Israeli operation in Iran moves forward.
"I have a plan for everything, OK?" he told the Post. "I have a plan for everything. You'll be very happy."
The president did not elaborate. ...
@#8 ... If oil is selling at $100/barrel on the commodity exchange, no oil company is going to sell oil at $60/barrel in America. ...
Related ...
Putin Asks Russian Oil, Gas Firms to Use High Prices to Cut Debt
financialpost.com
... Russia's President Vladimir Putin urged nation's oil and gas producers to take advantage of sky-rocketing commodities prices to reduce their debt, because the spike will be temporary.
Article content
With the Strait of Hormuz being "effectively closed" amid the Middle East conflict, oil production relying on the route "risks stopping completely" within a month, Putin said at a meeting with government officials and energy executives. It will take "weeks, if not a month" to restore liquefied natural gas capacity in the region and it's "impossible to quickly compensate for the lost volumes," he added. ...
@#63 ... We're on a wild ride until this war is over. ...
Trump says U.S.-Israeli war with Iran is "very far ahead of schedule"
www.cbsnews.com
... Trump says U.S.-Israeli war with Iran is "very far ahead of schedule"
President Trump told CBS News that he believes the U.S.-Israeli war with Iran is "very far ahead of schedule."
"I think the war is very complete, pretty much," he said. ...
@#65 ... Is Pres Trump thinking of taking over the Strait of Hormuz? ...
Trump says "the war is very complete," and he's considering taking over Strait of Hormuz
www.cbsnews.com
... The president said the U.S. "could do a lot" about the strait and threatened Iran if it inhibits the waterway. "They've shot everything they have to shoot, and they better not try anything cute or it's going to be the end of that country ... If they do anything bad, that would be the end of Iran and you'd never hear the name again." The president also said the strait is open now and claimed ships have been entering the strait, but said he is still "thinking about taking it over." ...
"They have a few who thought Joe Biden was going to remove the country from oil dependence"
You mean like this?
US Achieves Energy Independence for First Time in 40 Years
Mar 13, 2024
The U.S. has shaken off its reliance on imports of fossil fuels for the first time in 40 years, according to recent analysis by J.P. Morgan, at a time when global conflicts have led to increased demand for energy elsewhere in the world.
www.newsweek.com
@#76 ... The US military is "very far" ahead of his initial 4-5 week estimated timeframe to wrap up the assault on Iran, he added. ...
Trump says it's 'too soon' to talk about seizing Iran's oil -- but doesn't rule it out
www.nbcnews.com
... President Donald Trump on Monday left open the prospect of acquiring Iranian oil as the U.S. proceeds with a war officials have said is aimed at depriving Iran of a nuclear weapon and defanging it so it no longer poses a threat to the U.S. or Middle East neighbors....
@#76 ... Trump says war on Iran could be short-term excursion'
President Donald Trump says the US-Israel war on Iran could be a "short-term excursion".
He made the remarks at a Republican gathering in Doral, Florida.
In an earlier interview with CBS, Trump said: "I think the war is very complete, pretty much. They have no navy, no communications, they've got no Air Force."
The US military is "very far" ahead of his initial 4-5 week estimated timeframe to wrap up the assault on Iran, he added.
Piggy declaring victory and moving on. ...
Not so fast ...
Live Updates: Trump Takes Questions on 10th Day of Iran War
www.nytimes.com
... President Trump told CBS News in the afternoon that "we're very far ahead of schedule" on the war, and stocks rose after an early plummet. He later told Republican lawmakers that the U.S. still had more to do.
Here's the latest. [as of 6:10PM EDT]
President Trump sent conflicting signals on Monday about the duration of the U.S.-Israeli war against Iran, suggesting that the war could be near an end, and a few hours later leaving the timing open-ended.
The war "is very complete, pretty much," Mr. Trump, who had predicted a duration of four or five weeks, said in a phone interview with the CBS reporter Weijia Jiang. He added, "We're very far ahead of schedule."
...
Tyler Pager
March 9, 2026, 6:10 p.m. ET
When asked if the war with Iran would be over this week, Trump said, "No." He only said "soon, very soon." ...
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