#global-oil-markets

#global-oil-markets

Went off and launched a war without planning, without being ready for even some of the most basic things. This is clearly amateur hour at the Pentagon and in the White House, and again the price is being paid by all of us.

Households, especially those that rely on their cars, are increasingly burdened as a result of the conflict in the Gulf. Drivers deserve—and should expect—to be treated fairly, particularly as pump prices continue to climb.

The oil market challenges we are facing are unprecedented in scale, therefore I am very glad that IEA Member countries have responded with an emergency collective action of unprecedented size. Oil markets are global so the response to major disruptions needs to be global too.

If Iran has put out any mines in the Hormuz Strait, and we have no reports of them doing so, we want them removed, IMMEDIATELY! If for any reason mines were placed, and they are not removed forthwith, the Military consequences to Iran will be at a level never seen before.

The average price of a regular gallon of gas hit $5.07 statewide - 17 cents more than Friday and 43 cents more than the week before, according to American Automobile Association. Prices in the Golden State remain well above the US average of $3.41 a gallon, marking a 9-cent jump nationally from Friday to Saturday.

"We've just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever, actually, and other things are happening," said Trump, who has been pressuring Venezuelan President Nicolas Maduro to step down. Asked what would happen with the oil, Trump said: "We keep it, I guess." In response, the Venezuelan government in a statement accused the U.S. of "blatant theft" and described the seizure as "an act of international piracy". It said it would denounce the incident before international bodies.