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NYT Screeches Over Spiking Oil Prices from Trump’s Iran Strikes … Just Before They Plunged
NewsBusters ^ | 06/24/2025 | Joseph Vazquez

Posted on 06/24/2025 2:59:50 PM PDT by JV3MRC

The rapidly fleeting shelf-life of the half-cocked doomist agitprop from lefty outlets like The New York Times desperate for an anti-Trump banger of a story is comedic gold in its own right.

Times economic policy reporter Tony Romm tried to be quick-on-the-draw by firing off an alarmist piece of propaganda June 23 that President Donald Trump’s strategic attacks on Iran’s nuclear facilities could possibly cause oil prices to go to the moon.

Trump, in Romm’s view, had to “confront the potential economic blowback from his military strikes on Iran, which threatened to send oil and gas prices soaring at a moment when U.S. consumers are already facing significant financial strains.” That was just before oil prices would plummet well over four percent just a day later on June 24.

In fact, CNN reported that “Oil is falling so much it’s now cheaper than it was before the Iran-Israel conflict.” Oof! Talk about perfect timing, eh Romm? Derp.

What’s even more hilarious is that Romm’s piece concocting the specter of spiking oil prices was plastered onto the front page of the business section of The Times’s June 24 print edition … while prices were already tumbling!

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy
KEYWORDS: iran; israel; nyt; trump

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1 posted on 06/24/2025 2:59:50 PM PDT by JV3MRC
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To: JV3MRC

I bet Prozac sales are skyrocketing.


2 posted on 06/24/2025 3:04:14 PM PDT by shelterguy
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To: shelterguy

Trump wins a 3rd term, at this rate—with the Amendment changed!


3 posted on 06/24/2025 3:11:05 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: ConservativeMind

You have a great tagline.


4 posted on 06/24/2025 3:14:51 PM PDT by gitmo (If your theology doesn’t become your biography, what good is it?)
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To: JV3MRC
A lot of short-term price movement in oil is driven by complicated trading strategies used to lower risk on other positions. Supply interruption risk by weather or human design is a common quick market mover as well.
5 posted on 06/24/2025 3:56:50 PM PDT by SaxxonWoods (The road is a dangerous place man, you can die out here...or worse. -Johnny Paycheck, 1980, Reno, NV)
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To: JV3MRC

Skyrocketing oil prices is a 70-80’s mindset. Now we have American energy dominance. Rising oil prices are tamed thanks to drill, frack, crack, everywhere right now. More oil more gas more coal more nuke.

Power was handed to ME oil countries thanks to idiotic energy policies and price controls. Prices skyrocketed based on artificial scarcity. Then what little was left of domestic production we hammered with windfall profits tax.

We can easily get back to those days. Even now on FR you will hear calls for export controls on oil and gas. Or the whining about greedy gasoline refiners.

WSJ has a good explainer article on why Iran doesn’t hold the only cards on oil, the US does also. In terms of win/lose if Iran closes the Straight the losers are Iran biggly, China big, and the US teams even or may even benefit slightly.

China now is beholden to Trump for keeping their cheap oil flowing from Iran. Wonder what he got for that?


6 posted on 06/24/2025 4:44:20 PM PDT by FreedomNotSafety
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To: JV3MRC
NYT Screeches Over Spiking Oil Prices from Trump’s Iran Strikes …
Just Before They Plunged

To no one's surprise, gas prices in oregon have risen steadily.

Now over four bucks a gallon.

oregon's super majority illiberal state representatives have
submitted legislation to greatly increase the fuel tax.

7 posted on 06/24/2025 4:52:34 PM PDT by chief lee runamok ( Le Flâneur @Large)
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To: gitmo
Thank you, sir.

It's interesting in that I've had that since Trump's first term, yet, it is still how he works and everyone critical continues to be confounded.

He doesn't use anyone else’s playbook—only his own.

He is very much like you and me, yet, he has other qualities conventional thinking would not allow, like the importance of having a gold plated toilet or some such gaudy thing that has extremely limited appeal to most, but to him, somehow helps define him.

He is simply a unique bird that we are fortunate to have on our side.

To God: Thank you Father, for men such as Donald Trump.

8 posted on 06/24/2025 10:16:54 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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