Trump Threatens Iran, Jawbones Oil Higher

April 22, 2020
4 Comments
Trump Threatens Iran, Jawbones Oil Higher
Screenshot DVIDS

In the face of collapsing oil prices that actually saw the spot price of West Texas Intermediate (WTI) go well below zero as storage capacity ran out in the United States, U.S. President Donald Trump today jawboned the price of oil higher to protect this vital American industry by threatening Iran whose fast boats continue to harass U.S. Navy ships in the Persian Gulf.

NORTH ARABIAN GULF (April 15, 2020) Iranian Islamic Revolutionary Guard Corps Navy (IRGCN) vessels conducted unsafe and unprofessional actions against U.S. military ships by crossing the ships’ bows and sterns at close range while operating in international waters of the North Arabian Gulf. U.S. forces are conducting joint interoperability operations in support of maritime security in the U.S. 5th Fleet area of operations, wrote the Defense Vital Information Distribution Network.

WTI for June delivery spiked approximately 30% as of writing this post.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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    KEVIN

    THAT'S NOT A THREAT ITS A RESPONSE TO A THREAT ,GET IT RIGHT YOU LEFTWING NUTJOB.

    M. Ham

    I submit that most liberals were shoved around as kids by their peers and, VOILA ! A leftist was born.
    They prefer to run away from conflict, which is why a brawler like President Trump bothers them so much.

    michael j allison

    I have been following this since it happened. This is the first site that I have seen the video of it. Thank's.

    michael j allison

    I wonder what would happen if the strait of Hormuz was to be closed for the rest of this decade? Clogged with sunken supertankers and various warships.

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