As oil prices surge amid the U.S.’s continuing war on Iran, a new government report suggests it could be several months — and perhaps even years — before the cost of consumer-grade gasoline drops below $3 per gallon again. As of Thursday morning, the average price of regular grade gasoline is $3.884 per gallon, a 32 percent increase from where costs were just a week before the start of the…
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New polling data shows the majority of Americans are opposed to the U.S. and Israel’s joint war on Iran, and are unhappy with how the Trump administration is handling it. The Economist/YouGov poll published earlier this week asked respondents to give their opinions on President Donald Trump’s management of the war so far. Only 36 percent said they approved of his actions while 56 percent said…
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The FBI has opened an investigation into Joe Kent, the former Trump administration National Counterterrorism Center director who resigned from his position earlier this week in protest of the decision to go to war with Iran. According to reporting from Semafor, which cited four sources with knowledge of the inquiry, Kent is being investigated over allegations that he improperly leaked…
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With Big Oil poised to profit from a price spike driven by the US-Israeli war on Iran, congressional Democrats on Wednesday revived an excise tax that proponents say would put money back in the pockets of struggling American workers. Sen. Sheldon Whitehouse (D-RI) and Rep. Ro Khanna (D-Calif.) reintroduced the Big Oil Windfall Profits Tax Act “to curb profiteering by oil companies and provide…
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Residents of Iran’s sprawling capital, Tehran, woke up earlier this month to scenes that they could probably imagine only in horror films. Clouds of smoke had shrouded the metropolis of 10 million, toxic rain blended with oil poured down from the sky, and the sun remained invisible through noon on the morning of March 8. Hours earlier, Israel had launched airstrikes on 30 oil facilities in Tehran…
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As the U.S. and Israeli war on Iran extends into a third week, President Trump is demanding other countries send warships to the Strait of Hormuz, which has been largely shut, as oil prices keep rising. This comes as the U.S. and Israel continue to launch major strikes on Iran, while Iran has retaliated by repeatedly striking Israel and U.S. allies in the Gulf, including the United Arab Emirates…
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