He has minimized soaring gas prices, rising inflation and the American economy’s need for the Strait of Hormuz.
Category: American Automobile Assn
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Oil Prices Jump as Trump’s Deadline for Deal Draws Near
President Trump’s Tuesday evening deadline for a deal approached after he rejected a cease-fire proposal as “not good enough.”
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Oil Prices Jump and Stocks Drop After Trump’s White House Speech
President Trump claimed in a White House address that the war on Iran was “nearing completion” but made no new announcements about the conflict.
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Stocks in Asia Rally and Oil Prices Rise
President Trump said the U.S. military would wrap up its campaign in Iran in two or three weeks.
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Oil and Gas Prices Continue to Rise in Choppy Trade
Investors weighed the news that the owner of a Kuwaiti tanker loaded with oil said it had been hit in an Iranian attack near Dubai.
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U.S. Gas Prices Hit $4 a Gallon on Average
A month since the first U.S.-Israeli attacks and Iran’s response effectively shut off Persian Gulf oil, drivers are paying significantly more to fill up.
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Oil Jumps to $116 a Barrel on Signs of Escalation of Middle East War
Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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Stocks Sink and Oil Dips After Trump Delays Threat to Bomb Iran
President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran’s power grid.
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Oil Prices Go Higher and Global Stocks Fall
Investors continued to parse conflicting signals on whether the war in the Middle East was nearing de-escalation.
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Oil Prices Tumble 6% as Trump Shows Eagerness to Talk to Iran
Investors reacted to signals of possible de-escalation of the war in the Middle East.
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Oil Prices Rise a Day After 10% Plunge
President Trump had set off a drastic market reaction on Monday by backing away from a threat to strike Iranian energy infrastructure.