“We’ve burned through all of the buffers we had. Everything...”

Oil prices surged as Trump reinstated the Iranian ship blockade. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Crude oil futures climb as Trump reinstates a blockade on Iranian ports, significantly impacting shipping costs and market dynamics.

Oil prices climbed over 2% after U.S

By Myra P. Saefong and Nora Redmond