DiabloWags said:

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I recall that someone here said two weeks ago that we have so much oil and refining capacity in the U.S. that prices would never get above $4.00 a gallon.

You mean the oil companies would never gouge the consumer?

How naive.

https://gasprices.aaa.com/

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I don't think anyone here said gas prices wouldn't go above $4.00. Share the post if true, I certainly didn't read that anyone said that.

The media is hiding the true cost of the Iran war. Expert Ian Bremmer warns that even if the war stopped TODAY, the global supply chain is already shattered. Food, textiles, and consumer goods prices are about to skyrocket worldwide. A total economic disaster. pic.twitter.com/cyUNzXyQkj

— Furkan Gözükara (@FurkanGozukara) March 17, 2026

I think that we will be seeing a lot more massive disconnects in crude oil pricing based on the difference in crude (sweet vs sour) and refinery capability to process different grades.

Right, for example prices for jet fuel/kerosene are skyrocketing.

https://www.reuters.com/markets/commodities/jet-fuels-huge-price-surge-points-coming-pain-iran-war-2026-03-05/

A senior Israeli official said the Israeli Air Force struck Iran’s largest natural gas processing facility in the country’s southwest, adding that the operation was carried out in coordination with, and with the approval of, the United States - Axios https://t.co/TIsgdIIpyb

— Insider Paper (@TheInsiderPaper) March 18, 2026

Oil price jumping

Anarchistbear said:

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A senior Israeli official said the Israeli Air Force struck Iran’s largest natural gas processing facility in the country’s southwest, adding that the operation was carried out in coordination with, and with the approval of, the United States - Axios https://t.co/TIsgdIIpyb

— Insider Paper (@TheInsiderPaper) March 18, 2026

Oil price jumping

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I don't necessarily agree with them attacking this site. It is interesting that the tweet says Israel got US approval. That breaks many posters continued narrative.

Trump floats the idea of the U.S. abandoning the Strait of Hormuz. pic.twitter.com/WfNjBR0lzq

— OSINTtechnical (@Osinttechnical) March 18, 2026

Anarchistbear said:

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Trump floats the idea of the U.S. abandoning the Strait of Hormuz. pic.twitter.com/WfNjBR0lzq

— OSINTtechnical (@Osinttechnical) March 18, 2026

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Good, make people defend their own interests

A number of Middle East oil and gas facilities have evacuated after Iran threatened wide retaliation for Israel's strike on the South Pars gas field today- Bloomberg pic.twitter.com/mzG13qIrUf

— OSINTtechnical (@Osinttechnical) March 18, 2026

Perhaps these charts should go in the Economic Thread, but I thought I would place them here where there is more current discussion.












Clearly, the last two charts speak to the lack of energy "intensity" that is required to support the U.S. economy compared to the past when energy intensity was much higher. Consumers are similarly more shock-proof.

Where do the Abraham Accords come to play in all this?

BREAKING: Qatar says Iran attack sparks fire in area hosting major gas facility pic.twitter.com/onJErb1FaG

— Insider Paper (@TheInsiderPaper) March 18, 2026

dajo9 said:

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Where do the Abraham Accords come to play in all this?

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Are they stored at 666 Fifth Avenue?

In an incredible escalation, US-Israeli forces have attacked South Pars in Iran, the world’s largest natural gas field. pic.twitter.com/NhrZPTfBgR

— Glenn Diesen (@Glenn_Diesen) March 18, 2026

Trillion dollar wealth destruction process now in full swing.