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Oil prices could surge to as high as $200 a barrel if the Iran conflict extends into June and the Strait of Hormuz remains closed, Bloomberg reported, citing an analysis from Macquarie Group. A war lasting through the second quarter could drive historically high real prices, analysts including Vikas Dwivedi said in a note, assigning a 40% probability to that scenario. A separate outlook, with a 60% probability, sees the conflict ending by the end of this month. Brent crude (CO1:COM) is on track for a record monthly gain in March as the war involving the U.S., Israel, and Iran...

Iran could attack Americans with “thousands” of sleeper cells hiding across the country, along with innovative drone assaults never before seen in the country, a former top US fighter pilot cautioned after intelligence reports suggested strikes on California were possible. “It’s not a matter of if — it’s a matter of when,” retired Top Gun Navy fighter pilot Matthew “Whizz” Buckley told The Post, warning that Americans were vulnerable to Iranians hungry to retaliate after the US killed the Islamic Republic’s supreme leader and unleashed war across the Middle East. Chief among the dangers are scores of Iranian agents who...

All six crew members aboard a US KC-135 refueling aircraft that crashed in western Iraq on Thursday have been confirmed dead, US Central Command (CENTCOM) announced today. In a post on social media, CENTCOM stated, “All six crew members aboard a US KC-135 refueling aircraft that went down in western Iraq are now confirmed deceased." .....

Damage to a critical Qatari facility is threatening to keep energy prices high around the world even if the war in Iran ends soon in what some analysts are calling an “Armageddon” situation. Qatar’s Las Raffan plant supplies a fifth of the world’s liquefied natural gas, which is used for electricity, heating and cooking – but Iranian strikes have damaged the facility, worsening what is already the largest-ever energy supply disruption. “I woke up this morning and thought, ‘No, please no,’” Anne-Sophie Corbeau, former head of gas analysis at BP now at Columbia University’s Center on Global Energy Policy, told...

US stock futures slid Sunday evening with the US-Israeli war in Iran maintaining downward pressure after US equities notched a fourth consecutive week of losses.Futures tied to the Dow Jones Industrial Average (YM=F) dropped 0.1%. S&P 500 futures (ES=F) declined 0.2%, while Nasdaq 100 futures (NQ=F) fell 0.3%.

More than 500 service stations across Australia are now without one or more types of fuel, according to the federal government, despite fuel continuing to flow into the country. In a state-by-state update before federal parliament on Tuesday, March 24, Minister for Climate Change and Energy Chris Bowen said that New South Wales had the highest number of affected sites, with at least 289 service stations without either diesel or petrol, including 164 out of diesel specifically. In Victoria, 162 service stations had run out of one or more fuel types, with Victorian Energy Minister Lily D’Ambrosio telling ABC Radio...

[WASHINGTON] Trump administration officials are examining what a potential spike in oil prices as high as US$200 a barrel would mean for the economy, according to sources familiar with the matter, a sign senior officials are studying the possible fallout from extreme scenarios for the Iran war.

I just ordered home heating oil... FIVE TWENTY-NINE A GALLON. I have (2) 330 gallon tanks. I thought I'd order 200 at 4.65 to tide me over until the price goes down, but today it is FIVE TWENTY-NINE. So I ordered the miserable 100 gallon minimum instead of paying over a thousand for 200 gallons. I love Trump, but this is unsustainable, and there should be no reason it is happening with the amount of oil we are producing domestically. I am P!SSED! If you have some snide insulting comment for me, blast away, but if you do that I...