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Oil and gas prices plunge after Trump announces Iran deal, reopening of Hormuz Strait

Ellesmere

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PRICE OF WEST TEXAS CRUDE by the Barrel - graph reflects prices over a 1 year (up to June 2026)

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1) The price of oil may be decreasing but the above graph indicates that it still remains well above those that preceded this conflict that commenced on February 28th 2026!

2) The agreement may allow ships to pass through the Strait of Hormuz but insurance companies will insist that the Strait be swept for Iranian mines - some estimates are as high as 6 months!

3) insurance premiums alone have increased from 0.25% of a vessel's value to 3% to 5% - a 12X to 20X that could total $8 million per ship, increase that the consumer will pay!

4) Unlike much of the world, America is not dependent on oil from Iraq - although the US remains the world's largest source of oil that only supplies 60% of the demand with Canada providing an additional 4 million barrels/daily!

5) The price of oil is set worldwide, even if nations like the US and Canada aren't dependent on supplies going through the Straits of Hormuz, but for those nations where Iraq is their primary source are now forced to compete for a reduced world supply, driving up the price!

6) Given that President Trump is on the public record having stated at least 38 times that Iran is close to signing an agreement, it should come as no surprise that the rest of the world remains skeptical about anything that comes out of his mouth!

7) Many believe that the flood of these announcements were nothing more than President Trump attempting to influence the DOW and public opinion to his advantage by providing false progress reports!

8) In retrospect, it was the denials of an imminent agreement, issued by the Iranian leadership, who have never been held in high esteem, that ultimately proved to be far more credible than the repeated false claims made by this American President - a rather sad commentary!

9) The fluctuations in the price of oil in the above graph are a reflection of President Trump's repeated false claims that a signed agreement with Iran was imminent!

-10) For a nation that the Trump Administration would have us believe had been reduced to a "basket case" desperate for peace, that doesn't explain as to why Iran stretched the negotiations from early March to the middle of June!


11) President Trump criticized and revoked the Obama Agreement during his first term but is now reluctant to reveal the terms of this recent deal - leaked copies indicate that apparently the American negotiators were instructed to be far more generous in this updated version!

12) For a President who prides himself in "The Art of the Deal" Trump has already come under intense criticism for ignoring advice that the Iranians would close the Straits of Hormuz in response to an American-Israeli attack!


13) America's allies in the Middle East who were already provoked at the turmoil and rocket attacks resulting from Trump's bombing of Iran, they are also dismayed at the President's unilateral peace agreement that reportedly would make Iran an even a greater threat in the future!

14) In addition to providing Iran with a number of financial inducements to seal the "DEAL," the opening the Strait of Hormuz appears to be Iran's only concession! It would have remained open if Trump had not attacked it on February 28th!

15) Ultimately this appears to be an agreement in name only - it postpones addressing many of those contentious issues and stated goals that prompted President Trump to attack Iran it in the first place!
 
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Vambram

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I don't but Democrats nor any other group lies like Trump.
No group lies more often than the Democratic Party. They have a HUGE lead in the vast amount of lies that they have told.
 
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Vambram

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Yarddog

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No group lies more often than the Democratic Party. They have a HUGE lead in the vast amount of lies that they have told.
Facts show Trump lies more than the whole Democrat party. He also laughs at his own voters.
 
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Yarddog

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Thanks for the article. I understand what's going on inside Iran. A friend of mine is Iranian and has lots of family still in Iran.

While the regime is weaker, militarily, those in charge are more violent than those that were killed.

One part, many don't like in Iran is, #2.

2. The Islamic Republic of Iran and the United States of America undertake to respect each other's sovereignty and territorial integrity and to refrain from interfering in each other's internal affairs.

The internal affairs includes how the regime puts down protesters and the want protection included in any deal.
 
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Vambram

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Facts show Trump lies more than the whole Democrat party. He also laughs at his own voters.
The facts show the exact opposite of that statement.
 
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Michie

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Michie

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AI:

Texas gas stations are not experiencing a widespread fuel shortage. While some isolated stations or specific regions might temporarily run dry due to localized delivery delays or brief spikes in demand, there is ample fuel supply across the state. [1, 2]

Regional supply chain disruptions can happen, but they are typically short-lived. However, when drivers panic and rush to the pumps all at once, it artificially creates localized shortages at specific stations. [1, 2, 3]

If you are planning to travel or are concerned about a specific city in Texas, let me know the exact area or ZIP code and I can help you check real-time fuel availability and prices nearby.
 

Yarddog

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What facts do you have?
So, you have no clue what facts back you up.
I know that you won't read any of these but at least I can present facts.







 
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Vambram

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I have plenty of facts and history to back me up. However, I don't have time to provide them for you. And, I would not be surprised if you would dispute those facts.
 
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