🛢 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."
Between 2007 and 2012, scientists carried out extensive ice drilling in Greenland, aiming to uncover Earth's climate history from the last 125,000 years.
Their findings put today's climate alarmism into perspective.
"Back then, Greenland was around 8°C warmer than today. Sea levels were 4-8m higher."
"Yet the planet didn't collapse and Greenland didn't melt. There were no tipping points and no mass extinctions."
"The planet was far warmer and life flourished."
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Roughly 21 million barrels per day of oil and petroleum products normally transit the Strait of Hormuz . That volume accounts for one fifth of global petroleum liquids consumption and one quarter of all seaborne traded oil.
Yet the destinations of those flows expose the asymmetry that ultimately doomed the strategy.
In the first half of 2025 ~89% percent of crude oil and condensate flowed eastward to Asian markets.
China absorbed 37.7 percent of the total followed by India at 14.7 percent South Korea at 12 percent Japan at 10.9 percent and other Asian buyers at 13.9 percent.
Europe received just 3.8 percent and the United States only 2.5 percent. The IRGC was never holding the West hostage. It holds the East.
By throttling traffic during the conflict the regime exercised its only economic "card". Ship transits collapsed to under ten percent of normal levels even after the ceasefire. Insurance rates soared and oil prices spiked.
The move they thought would delivered short term tactical breathing room and ...
when Trump was talking about regime change... he really meant his own 💀
📌 every removed or "resigned" senior official since the start of this week for the U.S.
🇺🇸 Reminder that all downed pilots are equipped with this: The GAU-5A
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