🇺🇸 Bessent: Crude will drop to around $40 a barrel after the Iran war is over
Does anyone seriously believe a word the U.S says about the war anymore?
Writer: Ianpic.twitter.com/06i7B5z7zi
— Mario Nawfal (@MarioNawfal) September 5, 2026
WELP. That was a quick pivot. Lol https://t.co/AFF2gAVxCh
— QE Infinity (@StealthQE4) September 4, 2026
Trump has a new Strait of Hormuz problem: The number of ships getting out is starting to drop fast
Key takeaways
Iranian Attacks: Iran launched drones and missiles targeting Kuwait Airport, U.S. bases in Kuwait and UAE, and other Gulf locations. CENTCOM described U.S. strikes as precise retaliation against IRGC threats in the Strait of Hormuz.
Strait of Hormuz Disruption: Shipping traffic remains well below prewar levels, with only 102 ships last week versus 130 daily before the conflict, impacting global oil supply and pushing U.S. crude above $91 per barrel.
Escalation Risks: IRGC claims continued missile production; regional attacks also hit Jordan, Iraq, and Bahrain, raising fears of further destabilization in the Middle East.