A slap in the market according to Trump; Escorting the US Navy and auctioning off the adversary's emergency reserves are not the reality of the Strait of Hormuz; $117 oil and Washington's strategic desperation Summary: The world oil market witnessed the failure of the White House's efforts to control prices, when the price of Brent crude crossed $108 and reached $117. While Trump emphasized the security of energy routes supported by the US Navy, traders calculated the cost of insurance, the risk of attacks and the insecurity of the Persian Gulf, and prices rose. Western media and Centcom talked about the stabilization of the situation, citing the passage of millions of barrels of oil and the escort of hundreds of commercial ships; But the passage of cargo was associated with heavy costs of war insurance and protective equipment. The UAE's attempt to divide oil cargoes between smaller tankers was also intended to keep exports flowing and curb market concerns, but the targeting of navigational facilities and damaging vessels reduced vessel traffic and increased war insurance premiums. With oil rising to $117, the United States ordered an emergency release of 400,000 barrels of oil per day from the strategic reserves to supply the market. This price increase also spread to the American economy; Annual inflation reached 3.7% and the 9.1% increase in gasoline prices put more pressure on households. The rising cost of transportation, manufacturing, housing, and flights has reduced people's purchasing power, and nearly 70 percent of Americans expressed concern about the heavy costs of the war against Iran. The rise in energy costs also affected the financial markets. The Nasdaq index fell by 2.6% and the S&P 500 index by 1.2%. Rising electricity and production costs threatened corporate profits and drove investors to safe-haven assets. At the same time, the possibility of raising the American interest rate again rose from 22% to 49%; A situation that exacerbates the risk of inflationary stagnation. The oil crisis also widened the gap between the US and its European allies. Donald Tusk, the Prime Minister of Poland, held Trump responsible for the increase in fuel prices, and Emmanuel Macron emphasized that the war with Iran is not a European war. At the same time, the high energy and transportation costs in European countries sparked protests.

A slap in the market according to Trump; Escorting the US Navy and auctioning off the adversary's emergency reserves are not the reality of the Strait of Hormuz; $117 oil and Washington's strategic desperation Summary: The world oil market witnessed the failure of the White House's efforts to control prices, when the price of Brent crude crossed $108 and reached $117. While Trump emphasized the security of energy routes supported by the US Navy, traders calculated the cost of insurance, the risk of attacks and the insecurity of the Persian Gulf, and prices rose. Western media and Centcom talked about the stabilization of the situation, citing the passage of millions of barrels of oil and the escort of hundreds of commercial ships; But the passage of cargo was associated with heavy costs of war insurance and protective equipment. The UAE's attempt to divide oil cargoes between smaller tankers was also intended to keep exports flowing and curb market concerns, but the targeting of navigational facilities and damaging vessels reduced vessel traffic and increased war insurance premiums. With oil rising to $117, the United States ordered an emergency release of 400,000 barrels of oil per day from the strategic reserves to supply the market. This price increase also spread to the American economy; Annual inflation reached 3.7% and the 9.1% increase in gasoline prices put more pressure on households. The rising cost of transportation, manufacturing, housing, and flights has reduced people's purchasing power, and nearly 70 percent of Americans expressed concern about the heavy costs of the war against Iran. The rise in energy costs also affected the financial markets. The Nasdaq index fell by 2.6% and the S&P 500 index by 1.2%. Rising electricity and production costs threatened corporate profits and drove investors to safe-haven assets. At the same time, the possibility of raising the American interest rate again rose from 22% to 49%; A situation that exacerbates the risk of inflationary stagnation. The oil crisis also widened the gap between the US and its European allies. Donald Tusk, the Prime Minister of Poland, held Trump responsible for the increase in fuel prices, and Emmanuel Macron emphasized that the war with Iran is not a European war. At the same time, the high energy and transportation costs in European countries sparked protests.