Oil Prices Skyrocket, Debt Crosses $39T
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surge amid escalating tensions in the Middle East, with Iran striking Saudi and Kuwaiti facilities and Israel targeting Irans gas field. Brent crude reaches $118 a barrel, causing average U.S. gas prices to rise. The Trump administration seeks to ease sanctions and tap U.S. oil reserves to lower prices. Meanwhile, the U.S. national debt hits a record $39 trillion, with the war in Iran contributing over $12 billion to the deficit. The Strait of Hormuz remains closed to U.S. ships, and reopening it could take time due to threats from mines, speedboats, and drones.
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