https://www.cnbc.com/2026/03/08/crude-oil-prices-today-iran-war.htmOil futures now over $115 per barrell, up $25 since last close. If it holds that is another 25-30 cents per gallon for gas
Just as China did so expertly on tariffs by using the rare earth metals to block Trump, , Iran has n ow played its trump card: closing Strait of Hormuz.
Trump set another record this week: largest one week % increase in barrel of oil since oil futures data startedin the 1980s. Over a 30% increase.
Now at WTI $90 a barrel. Qatari Energy Minister says $150 soon if war continues.
Reportedlym Trump has now made 5 separate attempts to get Israelu Prres to give a pardon to Bibi to invalidate all the charges he faces. Pres jas said no and some are now calling for impeachment of Israeli Pres
Meanwhile, Strait of Hormuz is closed and as of 2 days ago according to some military...
Trump IMO is far more beholden to rich Gulf States than Israel. He wants to be like their rulers. If that theory is correct, war will be over before end of March. Gulf states are pressing hhim hard to end this.