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Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement'
Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement'
Summary
Reports of Houthi missiles launched on Saudi Arabia: oil extends gains near month-highs.
Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit. CENTCOM affirms with closure message.
Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf.
Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection.
Oil prices climb:...
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President Trump announced in the Oval Office around 1 pm local time that every eligible child in America has been automatically enrolled in a tax-free investment account known as a "Trump account."
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Trump Blasts Oil Majors: "Get Gas Prices Down Now!"
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President Trump blasted oil companies on Monday morning for high gasoline pump prices, telling them:
That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter. President DJT
As of Monday morning, the national average for 87-octane gasoline at the pump stood at $4.09 a gallon, according to AAA data, marking the second consecutive week above the politically sensitive $4 threshold. Pump prices surged following the tit-for-tat strikes between...
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