Oil Market
Trump shrugs off soaring oil prices: "The US makes a lot of money"
It
is more important for Donald Trump to stop Iran from "developing
nuclear weapons and destroying the Middle East and the whole world" than
to think about how the oil price is affected. The president writes this
on Truth Social.
He takes the fact that the oil price has
skyrocketed after the start of the war and Iran's blockade of the
strategically important Strait of Hormuz in stride.
"The US is the world's largest oil producer, by a wide margin, so when oil prices rise, we make a lot of money," Trump writes.
Since
the war broke out, gasoline prices in the US have skyrocketed by 20
percent, which risks becoming a problem for Trump at home, reports the
Financial Times.
Oil prices skyrocketed to their highest on
Monday, to $120 for a barrel of Brent oil. Prices have since been on a
roller coaster. After Iran's new leader promised on Thursday to continue
blocking the Strait of Hormuz, the price once again rose above the 100
level.
The war on the media
Photographers barred for "ugly pictures" of Hegseth
Press
photographers have reportedly been barred from Pentagon press
conferences after they published "unflattering" pictures of Defense
Secretary Pete Hegseth. This is reported by two sources with insight to
the Washington Post.
On March 2, Hegseth held a briefing on the
US-Israeli attacks on Iran and photographers from AP, Reuters and Getty
were present. But when the news agencies' pictures were published in
newspapers around the world, several in Hegseth's staff were concerned
about how the minister looked.
The Pentagon then decided not to
allow photographers at the two following press conferences, which were
held on March 4 and 10. Department of Defense press secretary Kingsley
Wilson said in a statement that the change is due to a lack of space.
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