Oil prices spiked amid on the ongoing U.S.-Israel war with Iran, stoking affordability fears ahead of the November midterm elections.
House Majority Whip Tom Emmer (R-MN) urged calm on Monday after the price of crude oil surged due to fallout from the Iran war. On Monday, crude oil prices climbed to $119.50 a barrel before falling back. They leveled off to hover around $100 per barrel by late Monday morning. Oil prices had not surged…
Stocks dropped Monday after a weekend of escalating strikes in the Middle East drove oil prices above $100 per barrel and raised fears of a global economic crisis. The Dow Jones Industrial Average fell 500 points after the opening bell Monday, dropping 1.1 percent. The S&P 500 index opened with a loss of 0.9 percent…
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
Oil prices jumped above $100 per barrel Monday as President Donald Trump promised prices would drop after the joint U.S.-Israeli military operation targeting Iran’s “nuclear threat” concludes. Global benchmark Brent crude rose as high as $118 per barrel Monday morning before retreating to around $104, more than $10 above Friday’s close. It marked the first…
