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Oil Jumps to Highest Price Since 2022
Oil prices have jumped to their highest since 2022 after a report that the US military is set to brief President Donald Trump on new plans for potential action in the Iran war.
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REDIAL
Joined 2009/01/04Visited 2026/04/28
Status: user
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With the two sides locked in a standoff, oil prices have continued to soar.[image or embed] -- Al Jazeera English (@aljazeera.com) Apr 28, 2026 at 10:00 PM
With the two sides locked in a standoff, oil prices have continued to soar.[image or embed]
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Related ...
Trump approval sinks to new low as war with Iran drives cost-of-living concerns www.reuters.com
... President Donald Trump's approval rating sank to the lowest level of his current term, as Americans increasingly soured on his handling of the cost of living and an unpopular war with Iran, according to a new Reuters/Ipsos poll. The four-day poll completed on Monday showed 34% of Americans approve of Trump's performance in the White House, down from 36% in a prior Reuters/Ipsos survey, which was conducted from April 15 to 20. ...
Chart showing thd results, and the trend in the result since January 2026...
www.reuters.com
#1 | Posted by LampLighter at 2026-04-30 02:24 PM | Reply
Before Pres Trump's unprovoked war with Iran, the Strait of Hormuz was wide open. And the world was OK with oil deliveries.
Over a hundred ships passed through the Strait each and every day.
Now, as a result of Pres Trump's unprovoked war with Iran, the Strait of Hormuz is all but closed.
And the world is facing an energy crisis.
How is this going to end?
#2 | Posted by LampLighter at 2026-04-30 10:48 PM | Reply
Crisis-Hit Southeast Asia Looks to Sign Petroleum Security Pact oilprice.com
... The Association of Southeast Asian Nations (ASEAN) looks to ratify a petroleum security agreement, Philippine Trade Secretary Cristina Roque said on Thursday as Asian nations are reeling from the shock oil supply crisis amid the Middle East war. "APSA, or the ASEAN Petroleum Security Agreement, is being pursued to enable coordinated emergency fuel sharing and collective responses to supply disruption," Roque said during an online briefing, as carried by Reuters. Southeast Asian economies such as the Philippines, Indonesia, Malaysia, and Vietnam were the first to feel fuel shortages after the blocked Strait of Hormuz cut off most of their regular crude and fuel supply from the Middle East. The Philippines, which sourced 98% of all its oil from the Middle East before the war, declared a national energy emergency as early as in the middle of March. Many of the Southeast Asian countries have turned to alternative suppliers, including Russian oil, which is now allowed for unsanctioned sale by the U.S. Treasury until May 16, under a waiver the Trump Administration extended by a month earlier in April. ...
"APSA, or the ASEAN Petroleum Security Agreement, is being pursued to enable coordinated emergency fuel sharing and collective responses to supply disruption," Roque said during an online briefing, as carried by Reuters.
Southeast Asian economies such as the Philippines, Indonesia, Malaysia, and Vietnam were the first to feel fuel shortages after the blocked Strait of Hormuz cut off most of their regular crude and fuel supply from the Middle East.
The Philippines, which sourced 98% of all its oil from the Middle East before the war, declared a national energy emergency as early as in the middle of March.
Many of the Southeast Asian countries have turned to alternative suppliers, including Russian oil, which is now allowed for unsanctioned sale by the U.S. Treasury until May 16, under a waiver the Trump Administration extended by a month earlier in April. ...
#3 | Posted by LampLighter at 2026-04-30 10:53 PM | Reply
@#3
... and that is benefiting the world opinion of the US... how?
#4 | Posted by LampLighter at 2026-04-30 10:54 PM | Reply
Russia seems to be the big winner in this mess.
#5 | Posted by REDIAL at 2026-04-30 10:57 PM | Reply
@#5 ... Russia seems to be the big winner in this mess. ...
Intentionally, on the part of Pres Trump?
#6 | Posted by LampLighter at 2026-04-30 11:10 PM | Reply
#6 Lamp, I am "looking forward" to the reports, six months from now, about the historic profits made by the oil companies based on the record costs for a barrel of oil six months earlier.
Just another massive transfer of low- and middle-class wealth to the oil companies and the oligarchs.
Almost ready for you ... Anytime now Not long now for free money ... www.youtube.com
Anytime now
Not long now for free money ...
www.youtube.com
#7 | Posted by A_Friend at 2026-04-30 11:16 PM | Reply
How much you fuckerz payin' in Canada?
#8 | Posted by lfthndthrds at 2026-04-30 11:16 PM | Reply
More like randomly. Lewzer is not a big thinker.
#9 | Posted by REDIAL at 2026-04-30 11:16 PM | Reply
#5 | Posted by REDIAL at 2026-04-30 10:57 PM | Reply | Flag:
Canada is the 3-4 largest reserve in the world..... how much are you idiots paying for gas and diesel?
#10 | Posted by lfthndthrds at 2026-04-30 11:17 PM | Reply
#10 As no one expected otherwise ...
#11 | Posted by A_Friend at 2026-04-30 11:20 PM | Reply
Gas was about $4.98 today.
#12 | Posted by REDIAL at 2026-04-30 11:22 PM | Reply
@#10 ... how much are you idiots paying for gas and diesel? ...
The US seems to have so much oil that it is exporting oil.
So, is Big Oil using that surplus to lower prices, or is Big Oil using the situation to raise the price at the pump?
What else yer got?
#13 | Posted by LampLighter at 2026-04-30 11:31 PM | Reply
BP profits more than double, beating expectations as Iran war boosts oil prices www.cnbc.com
... British energy major BP on Tuesday reported that first-quarter profits more than doubled from a year ago, following a surge in oil and gas prices driven by the Middle East conflict. ...
#14 | Posted by LampLighter at 2026-04-30 11:34 PM | Reply
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