[RE]

BUSINESSINSIDER.COM • 2026-03-08

Oil passes $100 a barrel as US energy secretary says Iran won't be a 'long-term war'

Oil prices surpassed $100 a barrel on Sunday. The US energy secretary is working to reassure Americans that high gas prices won't last. Chris Wright said the conflict in Iran is a "temporary movement," rather than a "long-term war."

The war may not last long, the effects on the oil market however will be quite long lasting.  Doubtful Iran gets back to its pre-war production levels anytime soon, and doubtful shipping insurance costs through the Straight of Hormuz will drop much either.  More sabotage likely throughout the region.

Things will get quite messy.

RE

[TDoS]

BUSINESSINSIDER.COM • 2026-03-08

Oil passes $100 a barrel as US energy secretary says Iran won't be a 'long-term war'

Oil prices surpassed $100 a barrel on Sunday. The US energy secretary is working to reassure Americans that high gas prices won't last. Chris Wright said the conflict in Iran is a "temporary movement," rather than a "long-term war."

The war may not last long, the effects on the oil market however will be quite long lasting.  Doubtful Iran gets back to its pre-war production levels anytime soon, and doubtful shipping insurance costs through the Straight of Hormuz will drop much either.  More sabotage likely throughout the region.

Things will get quite messy.
!!
RE

Indeed. Who knows what will happen with oil at 3077400 a barrel!

[RE]

AXIOS.COM • 2026-03-08

Iran war's energy price shock is likely to spiral economy-wide

Fears about a stagflationary scenario are back, with a fresh inflationary shock coming alongside new signs of labor market weakness. While higher oil prices should mean higher revenue for America's energy extraction industries and limit the damage to GDP, the cost for already-strained households and key industries is likely to be immediate and visible

If it lasts a month, it might be a recession.  If it lasts 6 months, kiss the economy goodbye.

RE

[K-Dog]

Indeed. Who knows what will happen with oil at 3077400 a barrel!

Using the 'Get Article' dropdown on the 'Article Options' button will let you add a Doomscroll article to a post here.  It does that by creating a special tag in the post.  Then the article is later looked up using this tag and displayed.  The code that displays the tile and description after looking up the article info was not rendering a '$' correctly.  Now it is.

The fix :

Code Select Expand

$safe_description = htmlspecialchars($article['description']);
$safe_description = str_replace('$', '$', $safe_description);
$safe_description = nl2br($safe_description);

As you can see here :

GVWIRE.COM • 2026-03-09

Wall Street Slips on Soaring Crude Prices; Tech Stocks Rebound

Wall Street’s main indexes were off session lows on Monday as a rebound in technology stocks softened the blow from investor concerns that soaring oil prices $ could exacerbate inflation pressures.

[RE]

FORTUNE.COM • 2026-03-09

Oil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario

Stock markets in free fall as oil goes over $100. “Doomsday” now looking increasingly plausible, analysts say, as fresh attacks further threaten oil supplies. Iran appointed a new supreme leader: He’s the son of the recently killed supreme leader. Trump called this his “worst case” scenario. Rising prices could hurt Republicans in the midterms. Coffee is up 18% since last year. The head of Citi’s “internal hit squad” has left

DOOMSDAY 4 OIL!😁😁😁

RE

[K-Dog]

IRANMIRRORBD.COM • 2026-03-05

UN rights experts condemn unlawful US-Israeli aggression against Iran

UN human rights experts have denounced the unlawful act of aggression waged by the United States and Israel against Iran, saying the assault violates the UN Charter’s article on prohibition of the use of force.