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Economist Peter Schiff warned that record diesel prices and the depleted Strategic Petroleum Reserve (SPR) could leave the U.S. with less of an energy buffer during a future supply shock amid the Iran war. Diesel Ban May Backfire In a video released on YouTube by Schiff on Thursday, the Echelon Wealth Partners co-found
Former Congresswoman Marjorie Taylor Greene has backed the President Donald Trump administration’s plan to cut down on diesel exports, but GasBuddy analyst Patrick De Haan warns the move could do more harm than good in the long term. Banning Diesel Exports is an America First Move In a post on X on Monday, Greene toute
U.S. crude rises above $85 a barrel as Strait of Hormuz disruption keeps oil logistics under strain, with USO, XOP and OIH each in the green year to date.
President Donald Trump ‘s former counterterrorism chief, Joe Kent, hailed the announcement that the U.S. would halt strikes on Iran, saying the move could open the door to movement of vessels through the Strait of Hormuz. US Can’t Use Military Force to Reopen Strait of Hormuz In a post on the social media platform X on
USO Trump: We don't need the Hormuz Strait.
Fresh military strikes in the Middle East have shattered a fragile ceasefire, sending crude oil prices surging and guaranteeing an immediate spike in fuel costs. This rapid increase, contrasted with sluggish price drops during periods of relief, is driven by a “hidden pattern” that economists have long tracked. The Roc
US Treasury Secretary Scott Bessent says a four-stage pressure campaign has brought Iran to the negotiating table, with both carrots and sticks being used.
President Trump demands a federal investigation into why retail gas prices aren't plummeting as rapidly as crude oil costs
US President Trump claims Iran has agreed to highest level nuclear inspections, contradicting earlier Iranian statements