From Jalopnik · Collin Woodard · · 50s
Oil Still Expensive As Hell
Trump's Russian oil deal pushes prices over $100 a barrel.
In brief
Trump's Russian oil deal pushes prices over $100 a barrel. Trump's waiver of Russian oil sanctions has raised global oil prices to over $100 a barrel, worsening fuel costs despite claims of lowering prices. Originally reported by Jalopnik.
Oil prices surge
Oil prices hit over $100 a barrel as attacks on tankers in the Strait of Hormuz rise.
Iranian attacks intensify
At least 18 tankers transiting Hormuz have been attacked in two weeks.
Houthis strike Saudi Arabia
Houthi rebels struck Saudi airport killing 13 and injuring hundreds.
Zelenskyy condemns Trump
Ukrainian President Zelenskyy called Trump's Russian oil deal a betrayal.
“Trump confirms again that he stands on the side of a bloodthirsty thug & the enablers of Russia's war machine & against the majority of Americans”
Senator Blumenthal criticizes
Connecticut Senator Blumenthal called Trump's move a betrayal of national security.
“These waivers have nothing to do with our national security, & everything to do with sucking up to Vladimir Putin”
Oil prices remain high
Oil prices stay expensive despite claims of lower fuel costs.
The short version
Trump's waiver of Russian oil sanctions has raised global oil prices to over $100 a barrel, worsening fuel costs despite claims of lowering prices.
