Trump Goon Cornered on Disastrous Oil Price Prediction
The Daily Beast • • business
Key Points:
- Saudi oil officials warned that oil prices could surge to $180 a barrel if the conflict between the U.S. and Iran continues beyond April, exacerbating already soaring gas prices.
- U.S. Energy Secretary Chris Wright acknowledged the destructive impact of Iran's retaliatory attacks on regional infrastructure but emphasized the need to "finish the job" to neutralize Iran's strike capabilities.
- Wright did not address that Iran had not attacked oil infrastructure before U.S. military actions began in late February, highlighting a potential escalation caused by the U.S. strikes.
- Reports indicate President Trump may escalate the conflict by deploying ground forces to Kharg Island, a critical Iranian oil export hub, aiming to pressure Iran into reopening the Strait of Hormuz.
