We know what’s coming and we are prepared.
🛢 Oil prices to rise further on Monday as Mideast war escalates
Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday.
U.S. President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran did not fully reopen the Strait of Hormuz within 48 hours, a significant escalation barely a day after he talked about "winding down" the war, now in its fourth week.
Iran warned on Sunday it would attack U.S.-linked infrastructure, including energy and desalination facilities in the Gulf, if Trump carried out his threat.
On Friday, Brent futures for May settled up 3.26% at $112.19 a barrel, the highest since July 2022.
"President Trump's threat has now placed a 48-hour ticking time bomb of elevated uncertainty over markets," said IG market analyst Tony Sycamore. If the ultimatum is not walked back, oil prices will spike on Monday, he said.
"It clearly means more escalation which means higher oil prices. Some are incorrectly thinking, however, that Iran may cave," said Amrita Sen, founder of Energy Aspects. "Trump is trying to show he can out-escalate and that way ends in scorched earth for Gulf infrastructure."
JUST IN - Bill Gates releases an educational video on chem-trails vs. contrails: "Contrails are just clouds." He adds, "They are also a significant contributor to climate change... Eliminating them could cut up to 2% of all global warming."
Liberal white women are now visiting the Obama Presidential Center and filming themselves SOBBING against the wall like they just saw a war memorial.
The funny thing is, they kind of did — In 2016 alone, Obama dropped over 26,000 bombs on seven countries, about 3 bombs per hour, all while holding a Nobel Peace Prize. Back in America, gas shot from $1.84 a gallon to nearly $4, and it stayed above $3.50 for 3 years straight..
He also left office with the national debt nearly DOUBLED to around $20 trillion and food stamp use at a record 46 million+ Americans.
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