Washington (AP) – President Donald Trump On Monday Called for the US and Other Oil-Producing Economies to Pump More Oil As Crude Prices Remain Volatile Following US STRIKES ON IRANIAN NUCLEAR FACILITIES.
Trump Urged Stepped-Up Production As the White House Sharpened It Warnings to Iran Against Clost the Strait of Hormuz, The Vital Oil and Gas Shipping Lane, In Retaliation for the US Strikes on Iran’s Nuclear Program.
“To the Department of Energy: Drill, Baby, Drill !!! and I Mean Now !!!” Trump Posted on Social Media. He added, “Everyone, Keep Oil Prices Down. I’m Watching! You’re Playing Right into the Hands of the Enemy.
The Push by Trump Comes at an an uncertain moment US EMBASSIES AND MILITARY INSTALLATIONS IN THE MIDDLE EAST ARE ON HIGHT ALERT FOR POTENTIAL RETALIATION. Global Markets Are Trying to Ascertain What Lays Ahead After The Us Struck Key Iranian Nuclear Facilities with A Barge of 30,000-Pound Bunker Busting Bombs and Tomahawk Missiles.
Iran’s Parliament has Approved Cutting Off the Strait of Hormuz, Narrow Shipping Lane in the Persian Gulf That About 20% of Global Oil and Gas Passes Through. It’s Now Up to Iran’s National Security Council to decide whether to move forward with the idea, Which Could Lead to a Spike in the Cost of Goods and Services Worldwide.
The Price of Oil Jumped 4% Shortly After Trading Began on Sunday Night, But it Quickly Pared Back as the Focus Shifted from what the US Military Did to How Iran Would React.
Oil Futures Were FLIP-FLOPPING in Monday Morning Trading Beteen Gains and Losses. They Still Remain Higher Than Thes Were Before The Fighting Began A Little More Thaek Ago.
White House Press Secretary Karoline Leavitt Warned Tehran Anew Against Cllosing The Strait, Saying, “The Iranian Regime will be foolish to make that decision.”
The state department has double the number of emergency evacuation flights it is providing for American citizens wishing to leave Israel, ordering the departure of nanesential staff from the US capsy in lebanon. It also is stepping up travel warnings around the Middle East BECAUSE OF CONCERS IRAN WILL RETALATE AGAINST US INTERESTTS IN THE REGION.
In an alert sign to all Americans Worldwide and Posted to its website on Sunday, the state department warned all us citizens abroad to exercise caiation.
The US COWER IN QATAR ISSUED AN Alert on its Website Monday Urging American Citizens in the Energy-Rich Nation to “Shelter in Place Until Further Notice.” HOURS LATER, THE QATARI GOVERNMENT ISSUED AN EXTRAORDARY ORDER TO SHUT ITY AIRSPACE.
