Crude oil prices surged over 3.5% on Wednesday, after the United States and Iran resumed hostilities, exchanging attacks across the Middle East overnight, and renewing concerns over supply disruptions. The US military reported earlier that Tehran launched several ballistic missiles at US troops in the region, after which the US Central Command (CENTCOM), together with Saudi Arabia, jointly targeted “Iran-aligned terrorists” in Iraq. West Texas Intermediate (WTI) for deliveries in September jumped 3.78% to sell for $82.23 per barrel at 2:23 am ET. At the same time, Brent for the same month’s settlements increased by 3.82%, going for $87.30 per barrel.

US President Donald Trump told Fox News in a phone interview on Tuesday that he would “like” to avoid strikes on Iranian bridges and power plants, while adding that Washington held a “very strong position” with Tehran. “The bridges are going to be gone in less than 2 hours, most of the bridges, the major bridges, and the power plants in one day. If I can avoid doing that, I’d like to do that,” he elaborated when asked if he was looking to target such infrastructure. “They know I’m going to do that if they don’t make a deal.” Trump also said Iran’s Pickaxe Mountain nuclear site, where some 970 pounds of enriched uranium are reportedly being stored, was “not a big problem,” while saying that “we took out their nuclear sites, and we’ll have to take out Pickaxe if we don’t make a deal.”

NN: Trump Always Chickens Out

He  could be with all his warts and pimples the best president ever. He really grasps the issues and the great danger the democracies of the world are in.  The world really needs to end the Iranian reign of terror. Any way it goes you will soon see massivw supply shorteges and $10.00 gasoline when you find some

The world feared the Iran war’s disruption of the Strait of Hormuz would trigger historically high oil prices. Yet the worst hasn’t happened, and the reasons for that may hint at a rewiring of global energy flows. That unexpected resilience of markets has many explanations, but it’s forcing a bigger question: does the world simply wait for the critical waterway to normalize, or start building alternative routes, inventories and supply systems to hedge against future risks which will take years.

Soon China oil reserves will run out. Them all hell  will break loose. And when Iran with their surrogates  the Hooties shut the red sea it will be oil crises squared, Then you will wish you had solar panels, electric cars and guns.  And don’t forget a 2 year food supply. And i don’t meal that salt laced nitrate freeze dried crap the sell on the internet.