Mastodawn

#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 Strait of Hormuz

Oil prices topped $100 a barrel again on Sunday after President Donald Trump said the US would blockade “any and all Ships trying to enter, or leave, the Strait of Hormuz,” threatening to further disrupt oil flows.

CNN

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Nonilex 2d ago

#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

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Nonilex 2d ago

#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

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Nonilex 2d ago

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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HarriettMB 2d ago

@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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MissConstrue

@HarriettMB @Nonilex

He’s using them as bait. He wants Iran to hit them. He wants to rally everyone like it’s 911. He is in acute decompensation and he is no more pulling the strings than I am. This is all Miller, Hegseth and Kushner.

It’s a grift for oil profits, and he’s using our soldiers as toys, because nothing is real to him, and he’s being puppeted like Bernie at weekend at Bernie’s.

If him posting a rant about Da Pope and then posting himself as Jesus healing Epstein isn’t enough for the gop to finally 25th him out, then nothing will and we should bunker down and wait for the end. Cause we’re all gonna die if we can’t stop him and his puppeteers.