Oil Prices Hit $100 for the First Time Since May

Friday, July 24, 2026

Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies.

Posted by REDIAL at 07:31 PM | 10 COMMENTS | permalink | Comment on This Entry |

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According to @itep.org, the typical American households has spent an extra $468 on gas since the start of Trump's Iran War. Overall, people in the U.S. have paid $62.5B more to the oil industry, to date, since prices began to rise. This is all happening due to the whims of one man.

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-- Robert Reich (@rbreich.bsky.social) 5:32 PM Â· Jul 21, 2026

Comments

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Wait till the draw downs on the SPR stop.

#1 | Posted by Nixon at 2026-07-24 08:06 AM | Reply | Newsworthy 2

This is the singular achievement of Donald J. Trump.

Reading the news, it's evident that everyone is watching the man's physical state closely in the hopes that he just dies.

If anyone is praying for him, it's to ask that he does die.

#2 | Posted by Zed at 2026-07-24 08:37 AM | Reply

Wait till the draw downs on the SPR stop.

There's about 60 million barrels left.

#3 | Posted by REDIAL at 2026-07-24 10:49 AM | Reply

Thank a pedo

#4 | Posted by LegallyYourDead at 2026-07-24 11:18 AM | Reply

The Strait of Hormuz was open to over 130 ships per day before Pres trump started his war of choice against Iran.

Now Pres Trump's main goal in his war seems to return to that state of operation ...

#5 | Posted by LampLighter at 2026-07-24 02:33 PM | Reply

... "President Trump was fed up," the Wall Street Journal reports.

"During a recent meeting in the Oval Office, he launched into a tirade against Iranian leaders, calling them scumbags and lunatics, and unleashing a series of expletives, according to a person who heard the comments."

"As the war in Iran enters its fifth month, Trump is increasingly frustrated that a conflict he once thought would be over in a matter of weeks has dragged on with no end in sight, administration officials and others close to the president said." ...

#6 | Posted by LampLighter at 2026-07-24 08:56 PM | Reply

@#6 ... a conflict [Pres Trump] once thought would be over in a matter of weeks has dragged on with no end in sight ...

Yeah, that seems to be the gist of the matter.

Did Pres Trump listen to his military advisors when they may have warned him about a quagmire called Iran?

Or did Pres Trump dismiss those warnings because he was of the opinion that he knew better?

#7 | Posted by LampLighter at 2026-07-24 08:59 PM | Reply | Newsworthy 1

Thanks to Trump, November continues to look bleaker and bleaker for MAGA and Republicans.

#8 | Posted by AMERICANUNITY at 2026-07-25 01:01 AM | Reply

The Red Sea is a HUGE transporter of consumer goods. Now that Yemen's in the picture, and the Strait of Hormuz is essentially closed, container ships full of consumer goods will be forced to sail the Horn of Africa. In addition to added costs and thousands upon thousands of miles to their routes, the journeys through those waters can be treacherous; weather and pirates. Price increases for too many consumer goods to count will only add to the inflation people already feel.

#9 | Posted by AMERICANUNITY at 2026-07-25 01:14 AM | Reply

Price increases for too many consumer goods to count will only add to the inflation people already feel.

This true. Shipping is going to get very expensive.

#10 | Posted by REDIAL at 2026-07-25 02:18 AM | Reply