OIL PRICES SURGE AS IRAN WAR RAGES — TRUMP REFUSES TO TAP STRATEGIC RESERVES

Global oil and gas prices are climbing to multi-year highs as the war involving Iran shows no signs of slowing down. Crude has surged to levels not seen in more than two years, driven by fears that continued strikes on Iranian oil infrastructure could disrupt global energy supply chains and tighten already strained markets.

Despite growing pressure from economists and international allies, President Donald Trump has refused to authorize the release of oil from the U.S. Strategic Petroleum Reserve, arguing that the market should stabilize without government intervention.

The spike in energy costs is already sending shockwaves through the global economy. Airlines, shipping companies, and logistics firms warn that rising fuel prices could soon lead to higher ticket fares, shipping rates, and consumer prices worldwide.

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