Posts tagged as “the United Kingdom’”

Rising U.S. Gas Prices Prompt Consideration of Strategic Petroleum Reserve Release Amid Strait of Hormuz Supply Disruptions
March 10, 2026 |
Financial, US and World
Rising gas prices in the U.S., driven by disruptions in oil shipments through the Strait of Hormuz amid the Iran conflict, have prompted discussions about releasing oil from the Strategic Petroleum Reserve (SPR) to stabilize the market. Although the SPR holds significant reserves, experts warn its impact may be limited due to the time required to release oil and the scale of supply disruptions, while G7 finance ministers have yet to agree on coordinated action. Meanwhile, oil prices remain volatile amid mixed signals about U.S. naval escorts in the region, and officials are exploring various policy options, though a lasting solution depends on reopening the Strait of Hormuz.
Oil Prices Surge Amid Middle East Conflict as Russia Gains from Energy Market Disruptions
March 10, 2026 |
Financial, Politics and World
Oil prices have surged due to the escalating Middle East conflict, which has disrupted shipping through the strategic Strait of Hormuz and drawn significant military attention from the U.S. and its allies. Russia has emerged as a key beneficiary of rising energy prices, potentially increasing its oil revenues and military spending amid the ongoing Ukraine war. Meanwhile, the conflict intensifies with attacks on Gulf countries, heightened regional military deployments, and diplomatic efforts to support affected nations and maintain global energy security.
U.S. Gasoline Prices Surge Amid Iran Conflict as Crude Oil Tops $100 per Barrel, Fueling Market Volatility and Global Economic Concerns
March 9, 2026 |
Financial, US and World
U.S. gasoline prices surged sharply amid escalating tensions involving Iran, with the national average reaching $3.48 per gallon and crude oil briefly surpassing $100 per barrel due to disruptions in the Strait of Hormuz. Analysts warn that fuel costs may remain high through the summer because of ongoing supply uncertainties and increased demand, despite some recent price volatility. International markets reacted with significant fluctuations, and major industrialized nations are considering coordinated measures to stabilize energy supplies amid concerns over further production cuts and transit challenges.
Trump Declares US-Iran Conflict Nearing End, Warns Iran Against Closing Strait of Hormuz
March 9, 2026 |
Politics and World
President Donald Trump described the U.S.-Iran conflict as nearing its end, claiming significant damage to Iran’s military and warning against any attempts to block navigation in the Strait of Hormuz. Speaking from his Florida golf club amid political gatherings, he framed the military action as a necessary, short-term effort to eliminate threats, while acknowledging American casualties and expressing resolve to continue the campaign. Despite Trump’s optimistic tone, the Department of Defense emphasized that the fight is ongoing and vowed to show “no mercy.”
Trump Optimistic on Swift End to Iran Conflict, Warns of Tougher Strikes Over Strait of Hormuz Disruptions
March 9, 2026 |
Politics and World
President Trump expressed optimism about the U.S. military's progress in Iran, claiming significant advances while acknowledging some targets remain and anticipating a swift end to the conflict. He criticized the appointment of Mojtaba Khamenei as Iran’s new leader but preferred internal political change over direct U.S. intervention, citing past destabilization in Iraq and referencing Venezuela as a model. Trump also addressed a recent deadly bombing in Iran likely caused unintentionally by U.S. forces, warned Iran against disrupting oil shipments through the Strait of Hormuz, and noted that American casualties have reinforced calls to "finish the job."