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1 revisions for "The $110-a-Barrel Tinderbox: How Trump's Expletive-Laden Iran Threats Are Rewriting the Oil Market"

#1
Anonymousabout 2 hours ago

President Trump's expletive-laden threats against Iran over the Strait of Hormuz have driven oil prices above $110 per barrel, with Brent crude up roughly 50% since the U.S.-Israeli military campaign began in late February 2026. The crisis — involving the first sustained closure of the Strait of Hormuz in modern history, which normally carries 20.9 million barrels per day — has pushed U.S. gasoline to $4.11 per gallon and raised constitutional questions about presidential war powers, while OPEC spare capacity faces the same shipping bottleneck that created the shortage.

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