The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East.
The conflict, in which nearly every country in the Middle East has sustained damage from missiles or drone strikes, has left ships that carry roughly 20 million barrels of oil a day stranded in the Persian Gulf, unable to safely pass through the Strait of Hormuz, the narrow mouth of the Gulf that is bordered on its north side by Iran.
The shipping disruption and damage to key Middle East oil and gas facilities has interrupted supplies from some of the world’s largest oil producers. Kuwait, for example, said on Saturday that it would reduce its oil production as a “precautionary” measure due to the war, which could jolt global energy markets even further.
Yup, be prepared to pay $9 a fucking gallon for gas soon…
I hope so. The higher the gas prices in the US, the harder trumps midterm election is going to be.
Not that it matters, really.
This is a guy who has, time and time again, demonstrated how above he believes himself to be of morals, processes and conditions.
He’s just going to be a stubborn prick and we’ll see a lot more government shutdowns over what he feels is non-agreeable terms.
Please let this be our french revolution 🤞🤞🤞🤞🤞
The more interesting thing to me is that this dude needs to change the prices by hand? I am nearly 40 years old and cant remember I have ever seen this here in Germany within my lifespan 👀
I’ve only ever seen one petrol station that still had a physical price board instead of a digital one in the last 15+ years and it was abandoned. The US seems to pick random things and stick with them
