Trump declared ‘this war has been won’ from the Oval Office and revealed Iran sent a Strait of Hormuz-linked oil present to the US. WTI crude crashed from \2 to \6. No oil has actually moved through the Strait yet.
Iran attacked Qatar’s Ras Laffan Industrial City on March 19, 2026. Extensive damage confirmed. 17% of Qatar’s LNG export capacity is offline. Repairs will take 3 to 5 years. Brent crossed \06. Here is what it means.
Oil is near $100 a barrel and the Strait of Hormuz is partially closed. The Trump administration just released 172 million barrels from the Strategic Petroleum Reserve. Here is what the SPR is, how it works, and whether this release will actually help.
Since March 11, gold has fallen 3.2% while oil has risen 11%. Those two assets are supposed to move together in a crisis. The data shows exactly why they are not.
A US official tweeted that the Navy had escorted a tanker through Hormuz. Markets moved. Then the tweet was deleted. Oil surged 9.57% in a single session.
Oil climbed 2% to 08 on March 11 while equities slipped and gold faded. Bitcoin held near 0K. The market is pricing a very specific kind of risk.
The IEA is proposing a record 400 million barrel oil reserve release. It will lower prices temporarily. It will not fix the Strait of Hormuz.
The US keeps hundreds of millions of barrels of oil stored in underground salt caverns for emergencies. With oil above $100 and the G7 debating a release, here is how it works.
