Iran Oil Crisis

Trump’s War Depletes Stockpiles, Costs Billions

The Trump administration is expending munitions in the conflict in Iran at an unsustainable rate, depleting stockpiles that will take years to replenish. This immense expenditure, including a significant use of Tomahawk missiles, has reportedly cost over $11 billion in the first week alone and contributed to a global oil crisis. Despite claims of an “unlimited supply” of munitions and downplaying the impact of rising oil prices, the Pentagon is preparing to request an additional $50 billion from Congress, while the White House maintains the U.S. has sufficient resources and is urging increased defense production.

Read More

Iran War Risks $200 Oil Threatening Global Economy

Escalating strikes on Iran’s energy infrastructure by the United States and Israel have prompted a stark warning from Tehran regarding potential global oil price surges, with predictions of crude exceeding $200 per barrel. The Islamic Revolutionary Guard Corps spokesperson stated that continued “cowardly and inhumane actions” could lead to retaliation, potentially impacting energy infrastructure across the region and even targeting US-linked facilities. These warnings coincide with heightened energy market volatility, as Brent crude has already risen sharply to approximately $119 per barrel amid fears of supply disruptions and a wider regional conflict.

Read More