Global Energy Crisis Fears Rise As Iran Keeps Stranglehold On Shipping And Hits Dubai Airport
HuffPost
Brent crude, the international standard, remained stubbornly over $100 a barrel on Monday.
BEIRUT, Lebanon (AP) — Fears of a global energy crisis rose Monday as the war in the Middle East raged on, with more U.S.-Israeli strikes on the Iranian capital and Israel’s bombardment of Lebanon. An Iranian drone strike temporarily shut Dubai’s airport, a crucial global travel hub, underscoring the threats to the world economy.
Since the United States and Israel attacked Iran more than two weeks ago, Tehran has regularly fired on Israel, American bases in the region, and Gulf Arab countries’ energy infrastructure with drones and missiles.
It has also effectively stopped shipping traffic in the Strait of Hormuz, through which a fifth of the world’s oil is transported, dramatically increasing the price of oil and putting pressure on Washington to do something to ease the pain consumers are feeling.
Brent crude, the international standard, remained stubbornly over $100 a barrel on Monday. It was at $104 in early trading, up nearly 45% since the U.S. and Israel attacked Iran on Feb. 28. It has spiked as high as about $120 during the conflict.
U.S. President Donald Trump said he has demanded that about seven countries to send warships to keep the Strait of Hormuz open, but his appeals have brought no commitments.
Foreign Minister Abbas Araghchi says Iran is open to helping other countries' safe passage through the Strait of Hormuz.
Chris Wright boasted he's "proud" of Trump’s handling of the Iran war, claiming the president is "all about low gas prices, low diesel prices, low energy prices.”
Even some of the president's supporters are questioning his plan and his overall poll numbers are declining.
“Every time a new headline is dropped, it feels personal.”
With the help of millions in special interest cash, two former Illinois House members could head back to Washington.
The president shared an image on Saturday celebrating his impact on the free press.
Sen. Mark Kelly (D-Ariz.) was persecuted last year by Defense Secretary Pete Hegseth for reminding U.S. troops that they can defy unlawful orders.
The "Real Time" host on Friday expressed bewilderment about the U.S. failing to secure the Strait of Hormuz after previously admitting support for the war.
President Donald Trump lambasted news outlets over a report on Iranian missiles hitting U.S. tanker planes.
Trump already endorsed the Republican running in the coming special election, even though his home is not in the district and he is registered to vote at a motel a half hour away.
Trump announced the strike on Kharg Island just hours after the interview aired.
The report also said authorities have not revealed his real name.
Trump has previously suggested, without evidence, that Iran possessed Tomahawk missiles and may have been responsible for using them in a strike on an Iranian girls' school.