Oil prices rise again as the war enters its 6th week and Trump threatens to strike Iran's power plants
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Oil prices rise again as the war enters its 6th week and Trump threatens to strike Iran's power plants
""Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin' Strait, you crazy bastards, or you'll be living in Hell - JUST WATCH! Praise be to Allah.""
"The average price of gas in the US now exceeds $4 for the first time since 2022, when Russia invaded Ukraine."
"Jet fuel prices, too, are on the rise, reaching $195 at the end of March."
Oil prices surged after President Trump issued a threat to Iran, demanding the opening of the Strait of Hormuz. Brent crude rose to $109.57 per barrel, while West Texas Intermediate increased by 3% to $115. The president's aggressive statement on social media warned of severe consequences if Iran did not comply. The closure of the Strait of Hormuz by Iran has already impacted global oil supply, contributing to rising gas prices in the US, which have surpassed $4, and increasing costs for groceries and jet fuel.
Read at www.businessinsider.com
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