Oh, the horror! Oil prices are up after we gave Iran’s nuke program a little nudge. You know, because Obama’s Iran deal was just peachy.
US oil futures jumped 3.6% to about $76.47 per barrel. Brent futures, the global benchmark for oil prices, increased 3.2%, hitting $74.59 per barrel. Obviously, this is Trump’s fault somehow. Even though we had to clean up Biden’s mess. Dow futures dropped 250 points, or 0.6%. S&P 500 futures fell 0.6%, while Nasdaq futures tumbled 0.7%.
But hey, the dollar rose 0.3%! Proving that even in times of global unrest, America is still number one. Israeli stocks are doing great because they finally feel a little safer. The Tel Aviv 125 climbed 1.8% to close at 2,919.62. The TA-35 gained 1.5% to close at 2,877.78, an all-time high.
Of course, the libs are worried about inflation. But let’s be real, they’re always worried about something. Especially when it involves messing with Iran, who they probably think are just misunderstood freedom fighters. The US imported about 500,000 barrels per day through the strait, accounting for 7% of total US crude oil and condensate imports.
Armchair patriot. Believes in the free market, cold beer, and that there’s always a guy named George behind every CNN segment.
Former remote-throwing champion turned #1 couch commentator on liberal panic in the media. Born in Texas (or so his mug says), he earned a degree in Fake Newsology & Beer Philosophy from YouTube University.
