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Oil Prices Soar: Politics vs. Pump

Oil Prices Soar: Politics vs. Pump

US News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 18, 20261m 28s

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Show Notes

Oil prices surge due to Iran crisis, with U.S. crude reaching $100 a barrel and diesel topping $5 a gallon. Despite President Trumps optimism, experts predict prices will remain high due to slow supply recovery and summer demand. The administration has released oil from the strategic reserve and eased Russian sanctions, but analysts expect only gradual relief, potentially easing crude to the mid to high seventies per barrel by years end.

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