Oil jumps as Iran increases rhetoric against Israel, US stockpiles drop

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Oil jumps as Iran increases rhetoric against Israel, US stockpiles drop
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Oil jumps almost 2% as worries of a broader conflict in the Middle East intensifies.

Iran’s foreign minister called for the crude boycott by Muslim countries against Israel after a bombing at a Gaza hospital, for which each side is blaming the other.

"If one million barrels per day is knocked out of the market...I would expect the price of oil to increase 20-25%," Ed Hirs, economist and energy fellow at the University of Houston, told Yahoo Finance. " we get into the $90s we do start to worry about demand destruction, which I think is a very real thing."A colleague of mine is due to speak at a round-table in Berlin later this month on the subject “Is Europe winning the energy war?”Jonathan Ernst/ReutersSpecial counsel Jack Smith has withdrawn a subpoena seeking records from Save America, the political action committee aligned with former President Donald Trump, The Washington Post reported late Tuesday.

Learn to speak, read, and write Thai and Thai script with our easy and fun online course. Nine years of experience teaching individuals and groups.Trump Goes Full Thought Police With ‘Ideological’ Travel Ban Proposal "Risky" intercepts of US planes can "cause accidents, and dangerous accidents can lead to an inadvertent conflict," a US defense official said.While the world focuses on Gaza, and Putin visits his allies in China, we may be missing one of the most significant developments in the nearly two years of war in Ukraine.

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