#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.

#idiocracy #economy #EnergyCrisis

#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.

#idiocracy #NationalSecurity #economy #EnergyCrisis