Iran War Sends Oil Prices Skyrocketing Under Trump
Source: theatlantic.com
- Israel and Iran are trading airstrikes on energy sites, driving up global oil prices.
- President Trump claims prices will plunge after the war ends, but experts doubt a quick drop to pre-war levels.
- The U.S. eased sanctions on Russian oil to ease supply fears and help consumers.
The article examines how the escalating war between Israel and Iran is hammering oil and energy prices worldwide. Strikes on refineries, gas fields, and shipping routes like the Strait of Hormuz - which carries one fifth of global oil - have turned theoretical risks into real chaos. This spike hits everyday people hard through higher gas and living costs, while Trump pushes back with bold predictions and quick fixes.