#Oil #prices rise after #Trump threatens to block passage through #StraitOfHormuz
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#Oil #prices rise after #Trump threatens to block passage through #StraitOfHormuz
#BrentCrude, the international benchmark, was up 8%, at about $102. #US #crude was up 8% to $104.
Dow futures sank 1.04%, or 502 points. S&P 500 futures were down 1%, & Nasdaq futures declined 1.15%.
#idiocracy #kakistocracy #TrumpsWar #IranWar #Iran #war #RulesOfWar #law #Congress #WarPowers #NationalSecurity #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.cnn.com/2026/04/12/business/oil-prices-iran-war -
#Oil #prices rise after #Trump threatens to block passage through #StraitOfHormuz
#BrentCrude, the international benchmark, was up 8%, at about $102. #US #crude was up 8% to $104.
Dow futures sank 1.04%, or 502 points. S&P 500 futures were down 1%, & Nasdaq futures declined 1.15%.
#idiocracy #kakistocracy #TrumpsWar #IranWar #Iran #war #RulesOfWar #law #Congress #WarPowers #NationalSecurity #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.cnn.com/2026/04/12/business/oil-prices-iran-war@Nonilex now follow the money....
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#Oil #prices rise after #Trump threatens to block passage through #StraitOfHormuz
#BrentCrude, the international benchmark, was up 8%, at about $102. #US #crude was up 8% to $104.
Dow futures sank 1.04%, or 502 points. S&P 500 futures were down 1%, & Nasdaq futures declined 1.15%.
#idiocracy #kakistocracy #TrumpsWar #IranWar #Iran #war #RulesOfWar #law #Congress #WarPowers #NationalSecurity #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.cnn.com/2026/04/12/business/oil-prices-iran-war#Oil #prices remain lower than their recent highs reached last week before #Trump called off his threat of mass devastation in #Iran & agreed to #ceasefire discussions.
But with a failure to reach a lasting ceasefire agreement & the clock ticking down to yet another deadline, oil prices are now trading higher than where they settled on April 1. That was just before Trump’s disastrous primetime address in which he failed to detail an exit strategy for the #war.
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#Oil #prices remain lower than their recent highs reached last week before #Trump called off his threat of mass devastation in #Iran & agreed to #ceasefire discussions.
But with a failure to reach a lasting ceasefire agreement & the clock ticking down to yet another deadline, oil prices are now trading higher than where they settled on April 1. That was just before Trump’s disastrous primetime address in which he failed to detail an exit strategy for the #war.
#Iran has benefited financially from the #war, charing up to $2 million per ship in tolls for passage through the crucial strait. #Trump similarly floated the idea of tolls last week as a “joint venture” with Iran [#WarProfiteering].
The country has also managed to export an average of 1.85 million barrels of crude a day through March — about 100,000 barrels a day more than in the previous 3 months, according to data and analytics firm Kpler.
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#Iran has benefited financially from the #war, charing up to $2 million per ship in tolls for passage through the crucial strait. #Trump similarly floated the idea of tolls last week as a “joint venture” with Iran [#WarProfiteering].
The country has also managed to export an average of 1.85 million barrels of crude a day through March — about 100,000 barrels a day more than in the previous 3 months, according to data and analytics firm Kpler.
The #IRGC warned on Sunday that any military vessels approaching the strait “will be dealt with harshly & decisively,” according to Iran’s semi-official Fars News.
Trump’s plan risks costing Americans more: If #oil #prices climb higher, #GasPrices will remain elevated. A gallon of #gas in the #US cost $4.12 on average Sunday, up 38% from the start of the #war despite declining slightly over the weekend.
#idiocracy #Iran #law #Congress #WarPowers #NationalSecurity #economy #oil #EnergyCrisis
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The #IRGC warned on Sunday that any military vessels approaching the strait “will be dealt with harshly & decisively,” according to Iran’s semi-official Fars News.
Trump’s plan risks costing Americans more: If #oil #prices climb higher, #GasPrices will remain elevated. A gallon of #gas in the #US cost $4.12 on average Sunday, up 38% from the start of the #war despite declining slightly over the weekend.
#idiocracy #Iran #law #Congress #WarPowers #NationalSecurity #economy #oil #EnergyCrisis
High #oil costs will also affect #food #prices as materials used for #fertilizer & creating food #packaging are affected by #SupplyChain disruptions.
“We’re going to start seeing that inflationary pressure…think about everything you buy at a retail, big-box store,” Karen Young, a senior fellow at the Middle East Institute said.
#idiocracy #kakistocracy #Trump #IranWar #US #Iran #war #law #Congress #WarPowers #NationalSecurity #inflation #CostOfLiving #economy #CostOfLiving #oil #EnergyCrisis
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High #oil costs will also affect #food #prices as materials used for #fertilizer & creating food #packaging are affected by #SupplyChain disruptions.
“We’re going to start seeing that inflationary pressure…think about everything you buy at a retail, big-box store,” Karen Young, a senior fellow at the Middle East Institute said.
#idiocracy #kakistocracy #Trump #IranWar #US #Iran #war #law #Congress #WarPowers #NationalSecurity #inflation #CostOfLiving #economy #CostOfLiving #oil #EnergyCrisis
I hope everyone is planting some food in their backyard, or their neighbors backyard, or in a field, or the woods... or a ditch that doesn't get mowed.
Dandelions are edible, and make a decent addition to salads. They grow pretty quick, and their seeds do a great job of spreading themselves. They also make a nice taproot which does good things for the soil.
Bonus points for planting trees and edible mushrooms.
The more we reforest this planet, the better.
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The #IRGC warned on Sunday that any military vessels approaching the strait “will be dealt with harshly & decisively,” according to Iran’s semi-official Fars News.
Trump’s plan risks costing Americans more: If #oil #prices climb higher, #GasPrices will remain elevated. A gallon of #gas in the #US cost $4.12 on average Sunday, up 38% from the start of the #war despite declining slightly over the weekend.
#idiocracy #Iran #law #Congress #WarPowers #NationalSecurity #economy #oil #EnergyCrisis
@Nonilex Those American ships hanging out in the Straits as a threat to everyone else are going to be massive, slow moving targets for drones above and below water…. Is the USA ready for a lot of dead navy & military? That’s surely going to be the result of this insanity. But #Trump won’t care if messing with the markets puts more money in his bank accounts: after all dead military are ‘suckers and losers’ in his book.
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R relay@relay.mycrowd.ca shared this topicR relay@relay.infosec.exchange shared this topic
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@Nonilex Those American ships hanging out in the Straits as a threat to everyone else are going to be massive, slow moving targets for drones above and below water…. Is the USA ready for a lot of dead navy & military? That’s surely going to be the result of this insanity. But #Trump won’t care if messing with the markets puts more money in his bank accounts: after all dead military are ‘suckers and losers’ in his book.
