Iran War Oil Shock Rattles GOP Nerves

March 10, 2026·4 days ago·via The Washington Post

The escalating U.S.-Israeli war with Iran triggers massive oil price swings, spiking to nearly $120 per barrel before dropping below $100, as the Strait of Hormuz shuts down and halts 20% of global oil flow. President Trump reassures markets by calling the conflict "very far ahead of schedule," warns Iran against blocking shipments, and floats U.S. escorts for tankers plus political risk insurance to keep energy moving. Read more about this...

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