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“We don’t even know their leaders,” #Trump said on Monday. “We have people wanting to negotiate,” he added. “We have no idea who they are.” 🤦🏼♀️
#Israel also said Tuesday that it had killed #GholamrezaSoleimani, the head of the Basij, Iran’s powerful plainclothes militia.
#TrumpsWar #US #Iran #war #ForeverWars #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
Kent, a former political candidate with connections to #FarRight #extremists, was confirmed to his post last July on a 52-44 vote.
As head of the National Counterterrorism Center, Kent was in charge of an agency tasked with analyzing & detecting terrorist threats.
#TrumpsWar #US #Iran #Israel #war #ForeverWars #Trump #Netanyahu #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
Toxic oil waste is increasingly shooting out of the ground in Oklahoma, contaminating the state’s drinking water.
We found that regulators identified 2,000 problem wells in a 2021 report. Then they ignored their findings.
propublica.org/article/oklahom…
#News #Oil #Gas #Environment #Oklahoma #Data #EPA #Regulation
Oil Regulators Found Hundreds of Wells Violating Oklahoma Rules. Then They Ignored Their Findings.
Oklahoma took on an ambitious project to catalog all of the state’s injection wells, which shoot toxic waste generated by oil drilling back into the ground. Despite records showing risk of drinking water pollution, the state chose not to act.Peter.DiCampo@propublica.org (ProPublica)
All of that will be inflationary, prompting bond markets to raise borrowing #costs worldwide. Forget about rate cuts. Of the five #CentralBanks meeting next week in the United States, Europe, Britain, Australia & Canada, traders bet none will be easing & one - Australia - will be hiking.
#Trump #US #Iran #war #ForeverWars #inflation #economy #affordability #CostOfLiving #oil #energy #geopolitics #MiddleEast
When asked about the #war, #Trump said the #US was "going to look very strongly at the straits." [whatever that means]
Share markets did not take it well. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.6% to snap two days of consecutive gains. Japan's Nikkei dropped 1.7%.
Both S&P 500 futures & Nasdaq futures fell 1%. Over in Europe, EUROSTOXX 50 futures slipped 1.1%.
#Iran #oil #inflation #economy #geopolitics #MiddleEast
Two fuel tankers are burning in Iraqi waters after being attacked by Iran's explosive-laden boats, forcing the country's #oil ports to halt operations. Oman has reportedly cleared all vessels out of its main oil export terminal, taking no chances.
That was enough to send Brent crude futures back above $100, up nearly 9% at $100.07, having hit as high as $119.5 earlier this week. US crude also gained 8% to $94.25.
#Trump #US #Iran #war #inflation #economy #geopolitics #MiddleEast
#Trump may be talking about a #war already won, but someone forgot to send #Iran the memo as Tehran steps up attacks on ships in the Gulf waters, warning the world of #oil prices at $200 a barrel.
Oil's reaction to a record release plan from the International Energy Agency is telling. 400 million barrels is only around 20 days of the supply that has been lost, so clearly investors are more worried about the prospect of a lengthy blow to supply than what Trump says.
#MojtabaKhamenei statement cont∶
“One point I must emphasize is that, in any case, we will obtain compensation from the enemy. If it refuses, we will take from its assets to the extent we deem appropriate, & if that is not possible, we will destroy its assets to the same extent.”
#TrumpsWar #US #Iran #Israel #war #ForeverWars #Trump #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy
#Trump says stopping ‘evil empire’ higher priority than high #oil prices & #inflation
Oil #prices surged in the #US following more #Iran attacks on #OilTankers.
“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money. BUT, of far greater interest & importance to me, as President, is stoping an evil Empire, Iran, from having Nuclear Weapons, & destroying the Middle East &, indeed, the World. I won’t ever let that happen!”Trump posted.
2 Tankers Attacked & Burning; #Oil Disruption Is Called Worst in History
The #IRGC claimed responsibility for attacking 1 of the 2 tankers off #Iraq’s coast, a Marshall Islands-flagged ship that Iraqi ofcls said was owned by a #US company. In a statement cited by #Iran state media, the Guards said the ship had “disobeyed & ignored” warnings. US #Energy Secy Chris Wright told CNBC the US Navy was not ready to begin escorting ships through the #StraitOfHormuz.
#TrumpsWar
cnbc.com/2026/03/12/energy-sec…
Energy Secretary Wright says U.S. 'not ready' to escort oil tankers through Strait of Hormuz yet
Tanker traffic through the strait remains at a standstill as ship owners fear attacks by Iran. The closure has triggered the largest oil supply disruption ever.Spencer Kimball (CNBC)
“This really is the big one,” David Goldwyn, fmr #US diplomat & #Energy Dept ofcl, said of the shutdown of the #StraitOfHormuz, the world’s most important choke point for #oil. This is the emergency scenario everyone feared.
#Cargo deliveries are stranded, #shipping charges have increased & #insurance premiums have skyrocketed. Yes, the price of #gas at the pump is affected. But so is the price of #food, #medicine, airplane tickets, #electricity, cooking oil, semiconductors & more.
And across the United States, Canada, Europe, Britain & Mexico, #farmers blanched at the surge in #fertilizer costs.
The widening #war in #Iran has delivered a stunning punch to a worldwide #economy that has already been walloped by a breakdown of the international trading order, war in Ukraine & Trump’s chaotic policymaking.
#TrumpsWar #US #Iran #war #Trump #RulesOfWar #law #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
#Oil Shock’s Tentacles Grip #WorldEconomy: ‘This Really Is the Big One’
Countries already walloped by a breakdown of the international #trade #chaos brought on by #Trump #tariffs, #war in #Ukraine & chaotic #US policymaking are facing lasting economic damage.
#TrumpsWar #war #ForeverWars #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #affordability #CostOfLiving #energy #EnergyCrisis
“All the key measures are moving in the wrong direction.”
Economic growth was much slower at the end of 2025 than data first showed & inflationary pressures persisted at the start of this year, a troubling snapshot of an #economy on unsteady footing before #war with #Iran upended #oil & #FinancialMarkets.
#economy #Trump #inflation #affordability #CostOfLiving #recession
nytimes.com/2026/03/13/busines…
He noted that the price of Russian #oil had been rising since the #war in #Iran started, & that it was likely that the #sanctions relief could be extended indefinitely.
“I do worry that this is effectively the destruction of the oil sanctions on #Russia,” said Mr. Fishman….
#TrumpsWar #US #ForeverWars #Trump #Ukraine #law #Congress #WarPowers #geopolitics #MiddleEast #inflation #economy #affordability #CostOfLiving #energy #EnergyCrisis
About 130 million barrels of Russian #oil is currently at sea….
The move by the #Trump admin could further divide the #US & #Europe, which has been skeptical of Trump’s attack on #Iran & has expressed a desire to continue to exert economic pressure on #Russia.
Fishman said he did not think that easing the Russia oil #sanctions would lower prices, noting that the move last week to let Russian oil be delivered to India did not have any impact.
The lifting of #oil #sanctions represents a sharp reversal from last summer, when the admin doubled #tariffs on #India as punishment for its purchases of oil from #Russia.
“In one fell swoop we’ve undone a huge amount of pressure on Russia,” said Edward Fishman, a senior fellow & director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations.
#TrumpsWar #US #Iran #war #Ukraine #Trump #law #Congress #WarPowers #geopolitics #inflation #economy #energy
…Top #Senate #Democrats assailed the #Trump admin for easing #sanctions on #Russia, saying that it was done to mitigate a #war of Trump’s own making.
“This war has resulted in huge spikes in gas prices for Americans, who are now paying more at the pump than at any point in either of President Trump’s two terms,” they wrote in a joint statement.
#TrumpsWar #US #Iran #law #Congress #WarPowers #geopolitics #Ukraine #inflation #economy #affordability #CostOfLiving #oil
banking.senate.gov/newsroom/mi…
Senate Democratic Leaders Release Joint Statement on Trump Administration's Weakening of Sanctions on Russian Oil in Attempt to Dampen Economic Impacts of Trump's Iran War | United States Committee on Banking, Housing, and Urban Affairs
The Official website of The United States Committee on Banking, Housing, and Urban Affairswww.banking.senate.gov
#Russia has faced punishing #sanctions from the #US & the rest of the #G7 advanced economies since Moscow’s invasion of #Ukraine in 2022. Those sanctions have included a price cap on Russian #oil & a crackdown on Russia’s “shadow fleet” of unmarked vessels…used to evade sanctions.
As #TrumpsWar with #Iran has unfolded, his admin has looked for ways to mitigate the economic pain. His admin temporarily freed Russian oil last week that was sitting at sea to be delivered to India.
The exemptions, which were issued by the #Treasury Dept, will be in place until April 11. Treasury Secy Scott Bessent estimated that freeing Russian #oil could add hundreds of millions of barrels of crude to global markets [& enrich #Russia], curbing prices that have been hovering near $100 per barrel as a result of the #Iran #war.
The decision was a significant turning point in America’s effort to punish Russia for its war in #Ukraine.
The other option? Don’t attack #Iran. Idiots.
#Trump Removes #Sanctions on #Russia to Help #Oil Flow Amid Iran #War
The #US on Thursday temporarily lifted sanctions on Russian oil that is currently at sea, allowing it to be shipped to buyers around the world as the Trump admin scrambles to contain #energy #prices that have been soaring because of the war in Iran.
#TrumpsWar #law #WarPowers #geopolitics #Ukraine #inflation #economy #affordability #CostOfLiving
nytimes.com/2026/03/12/us/poli…
Officials in #Cuba report an island-wide #blackout in the country of some 11 million people as its #energy & economic crises deepen.
The Ministry of Energy & Mines reported on X a “complete disconnection” of the country’s #electric system & says it is investigating.
President Miguel Díaz-Canel on Friday warned that the island had not received #oil shipments in >3 months & that it was operating on #solar power, natural #gas & #thermoelectric plants.
His whole personal agenda has been to get these sanctions against Russia removed. He finally created the opportunity.
NATO leaders call on Republican President Donald to reverse Russian oil sanctions suspension | Euronews
euronews.com/my-europe/2026/03…
#Trussia #Trump #Russia #NATO #oil #press #news
NATO leaders call on Trump to reverse Russian oil sanctions suspension
The leaders of Canada, Germany and Norway are urging Trump to rethink his suspendion of Russian oil sanctions. In comments to Euronews, German Defence Minister Boris Pistorius said he is "concerned" at the potential impact on Ukraine.Shona Murray (Euronews)
“This is a nightmare of America’s own making. This is what happens when you put in charge people as incompetent, greedy, corrupt and quite frankly stupid as Donald Trump. Those who have never learned from history because they’ve never learned history…."
~ Mary Trump
#Trump #MAGA #Iran #war #madness #insanity #stupidity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/24
threads.com/@marco.foster/post…
Marco Foster (@marco.foster) on Threads
Mary Trump on Iran: “This is a nightmare of America’s own making. This is what happens when you put in charge people as incompetent, greedy, corrupt and quite frankly stupid as Donald Trump.Threads
"Whole regions in the Philippines—including the capital city of Manila—just forced employers to institute a four-day workweek instead of a five-day workweek specifically to try to save energy.
Gas stations in Vietnam have started to run out of fuel. …
What was all this for?
'We’re doing this for the other parts of the world.'
I’m sure they’re delighted with that."
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/23
"The nation of Bangladesh just closed its universities because they need to conserve energy—they need to conserve electricity used by the universities—and they need to reduce the need for people to drive anywhere."
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/22
"A plastics plant north of Tokyo started to scale down production on Friday because they can’t get the raw materials they use in that production process—because they’re petroleum-based products.
It’s also aluminum and other commodities like that as facilities like smelters shut down for lack of fuel."
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/21
"Huge amounts of fertilizer pass through the Strait of Hormuz—fertilizer bound for ports all over the world, for crops all over the world, for foodstuffs all over the world.
Raw materials related to the petroleum industry are also being choked off."
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/20
"In Qatar and Kuwait and Bahrain, major energy companies have declared force majeure—which basically means they’re saying, hey, act of God, outside our control.
We can no longer be held to any contracts we previously signed.
As they all radically scale down their oil and gas production.
And it’s not only fuel—it’s also food."
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/19
"The Wall Street Journal is now describing this as the most severe energy crisis since the 1970s.
CNBC calls it the biggest oil supply disruption in history.
Saudi Arabia has now cut its production of oil.
Iraq’s production of oil is down to less than one-third what it was before Trump started this war."
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/18
"The president did unveil a new purported justification for the war today in his rambling press conference at his golf thing.
He said, quote:
'We’re doing this for the other parts of the world.”
We’re doing this for the other parts of the world.'
It’s actually hard to argue with that one. That one might actually be true."
~ Rachel Maddow
#Trump #Iran #war #madness #insanity #oil #gas #economy #EnergyCrisis #agriculture #fertilizer #food
/17
"With nearly one-third of key fertilizer ingredients and a large share of global urea and ammonia exports tied to the region, attacks on ships and halted transit are driving up fertilizer, oil, and diesel prices—raising costs for farmers and potentially leading to higher grocery prices and lower crop yields worldwide."
#Trump #Iran #war #StraitofHormuz #oil #gas #fertilizer #agriculture #food
/14
"The war with Iran is threatening to raise global food prices as shipping disruptions through the Strait of Hormuz stall fertilizer exports critical for agriculture."
~ Aaron Parnas
#Trump #Iran #war #StraitofHormuz #oil #gas #fertilizer #agriculture #food
/13
Robert Reich asks who’s getting the most out of Trump’s war. His list (it doesn't include the American people, by the way):
Pete Hegseth’s “Department of War”
Top military contractors
Larry Ellison’s Oracle
Elon Musk’s SpaceX
Peter Thiel’s Palantir Technologies
Big Oil
Jared Kushner
Vladimir Putin
#Trump #Putin #Hegseth #JaredKushner #ElonMusk #LarryEllison #PeterThiel #Iran #Israel #Russia #war #oil #gas
/9
robertreich.substack.com/p/sun…
Sunday thought: Who’s Winning from Trump’s War? Follow the Money
Trump, his biggest backers, and Vladimir PutinRobert Reich
"According to Gas Buddy, the national average price for a gallon of regular gas is now up to $3.59 a gallon. This is a 62-cent jump from February 28th.
Largest oil disruption ever in history.
Brent is up 12.5% right now. That is up to 104.30. Crude oil is up 12%."
~ David Shuster
#Trump #Iran #war #oil #gas #economy #prices #affordability
/13
blueamp.co/p/shusters-weekly-w…
Shuster’s Weekly Wrap-Up: Trump’s Iran War Sends Oil Prices Soaring
Trump’s Iran strikes trigger soaring oil prices, job losses, and rising inflation fears. David Shuster breaks down the economic fallout and political chaos.Blue Amp Media
"'On Thursday, futures for Brent crude oil closed at just above $100 a barrel for the first time since 2022. The move will provide a huge financial boost to Russia, which experts say has already been receiving about $150 million per day from increased oil sales since the US attacked Iran two weeks ago. The lifting of the sanctions positions Putin as one of the biggest beneficiaries Trump’s war on Iran.'”
"WaPo: 'The Trump admin temporarily lifted sanctions on Russian oil shipments in an effort to calm markets and stem the economic fallout from its war on Iran, which has sent crude prices spiraling upward. This allows Russia to begin selling some 128 million barrels of oil that are estimated to have already been loaded onto tankers previously facing restrictions from the US.'”
~ Ron Filipkowski
#Trump #Iran #war #Putin #Russia #oil #gas
/11
meidasplus.com/p/today-in-poli…
Today in Politics, Bulletin 327. 3/13/26
… CNN: “The Pentagon and NSC significantly underestimated Iran’s willingness to close the Strait of Hormuz in response to US military strikes while planning the ongoing operation, according to multiple sources familiar with the matter.Ron Filipkowski (Meidas+)
"Trump’s gift to Vladimir Putin to get his own ass out of the sling is both a huge concession to Russia and an unmistakeable admission that the economic reverberations from the elective war in Iran are having acute downstream political effects on Trump and Republicans in an election year."
~ David Kurtz
#Trump #Putin #Iran #war #oil #gas #Russia
/25
morningmemo.talkingpointsmemo.…
Trump Bails Out Russia to Save His Own Hide
INSIDE: JD Vance ... John Brennan ... Nathan CavanaughDavid Kurtz (Morning Memo)
"Fox News and Newsmax are doing their best Baghdad Bob impersonation to downplay the incredible surge in gas prices Americans have faced since President Donald Trump launched his war on Iran. Fox and Newsmax personalities are urging their viewers to accept spiking gas prices as a patriotic 'sacrifice' to take on Iran, and are claiming that prices will come back down quickly."
~ Zachary Pleat
"Oil prices have surged, and one of the biggest beneficiaries so far has been Russia. According to reporting from the Financial Times, Moscow could be earning up to $150 million per day in additional revenue due to the global energy shock triggered by the conflict. Analysts estimate Russia has already gained between $1.3 billion and $1.9 billion in additional oil revenue as demand for its crude rises."
~ Ben Meiselas
#Trump #Putin #Iran #war #oil #gas #Russia
/21
meidasplus.com/p/friday-aftern…
Friday Afternoon Updates: Reality Gets in the Way of Trump's Lies — 3/13/26
It’s Friday, we’ve made it to the end of the week.Ben Meiselas (Meidas+)