Fair 97°
Tag:

Oil Prices

News
Heightened Security Measures In Place As US Braces For Possible Iran Retaliation Heightened Security Measures In Place As US Braces For Possible Iran Retaliation
Heightened Security Measures In Place As US Braces For Possible Iran Retaliation The United States is on high alert as tensions escalate in the ongoing war with Iran. Federal agencies, including the FBI and Department of Homeland Security (DHS), have implemented heightened security measures to counter potential retaliatory attacks on American soil and abroad. The FBI has placed counterterrorism teams on elevated alert, focusing on identifying potential threats from Iranian operatives or groups supportive of Tehran. DHS has also increased surveillance at US military bases, airports, and critical infrastructure, while cybersecurity teams work to neutralize digital threats…

SHARE

by Joe Lombardi
News
Key Oil Corridor Could Be Closed By Iran As Retaliation For US Strikes Key Oil Corridor Could Be Closed By Iran As Retaliation For US Strikes
Key Oil Corridor Could Be Closed By Iran As Retaliation For US Strikes In a significant escalation of geopolitical tensions, Iran's parliament has voted to close the Strait of Hormuz, a crucial maritime passage for about one-fifth of the world's daily oil shipments.  The decision isn’t final yet. It still needs the green light from Iran’s Supreme National Security Council.  But if the move is approved, it could halt oil exports that are worth around $1 billion every single day. Secretary of State Marco Rubio said Sunday, June 22 on CBS-TV's Face the Nation that closing the Strait of Hormuz would be a "suicidal" move for Iran's Islamic regime. Closi…

SHARE

by Joe Lombardi
Business
Rise In Gas Prices Predicted Due To Israel-Iran Conflict: Here's What To Expect Rise In Gas Prices Predicted Due To Israel-Iran Conflict: Here's What To Expect
Rise In Gas Prices Predicted Due To Israel-Iran Conflict: Here's What To Expect Tensions in the Middle East are threatening to hit Americans at the pump. As the conflict between longtime Middle East adversaries Israel and Iran goes on, motorists in the US should expect to see gasoline prices rise in a matter of days, experts say. Patrick De Haan, head of petroleum analysis at GasBuddy, estimates that the average cost of a gallon of gasoline, currently at $3.13 nationally, according to AAA data, could increase by 10 to 25 cents, reflecting a hike of nearly eight percent.
 The extent of Iran’s retaliation, and whether oil continues to flow from the region without d…

SHARE

by Joe Lombardi
Lifestyle
Pain At The Pump: Gas Prices Spike To New Record High In Maryland Pain At The Pump: Gas Prices Spike To New Record High In Maryland
Pain At The Pump: Gas Prices Spike To New Record High In Maryland Memorial Day travel and rising oil costs have caused the price of gas in Maryland to rise to record levels with no relief in sight for motorists. On Tuesday, June 7, the cost of gas per gallon rose to an average of $4.94 statewide, the highest recorded price since AAA began tracking such figures, according to the organization. The price is up nine cents overnight, 35 cents from a week ago, and 56 cents from a month ago as the demand for fuel has risen while tensions overseas have limited the available supply.  On June 7, 2021, motorists were paying an average of $3.02 per gallon. “People…

SHARE

by Zak Failla