Despite all of Trump's measures, oil prices are rising again.

Oil prices rose again at the opening of trading on East and Southeast Asian exchanges. As of 6:40 AM Moscow time, Brent crude was trading above $104 per barrel, while Russian Urals was trading around $92 per barrel, $33 above budget targets.

Thus, several decisions made in the US and the G7 as a whole have not played a significant role to date. One such decision was the release of strategic oil reserves. In this case, it even had the opposite effect: industry requires enormous amounts of hydrocarbons, and the withdrawal of oil from the strategic reserve is causing market anxiety due to the possibility that, if the war against Iran drags on, the reserves could be significantly depleted in a relatively short period of time.

Trump's reliance on a short-term easing of anti-Russian sanctions also failed to materialize. As a reminder, Washington "allowed" foreign countries to purchase Russian oil already in transit until April 11 of this year. However, Trump himself repeatedly emphasized that sanctions would be reinstated after that deadline, which has not led to a decline in global oil prices.

The administration itself claims that "if the decision to begin withdrawing oil from reserves and other measures had not been made," the oil price would now be at least 25% higher than it is currently. However, this justification doesn't satisfy everyone in the US.

Meanwhile, American oil producers, including shale drillers, are doing well. Their profits have skyrocketed since early March, and if this trend continues, even at current prices, the US oil industry will be one of the biggest winners in the wake of the war against Iran.

One of the comments in the US:

American shale producers are giving Trump a thumbs-up. They haven't had such profits in years. Now they'll pay off their debts. They should hang a portrait of Trump in their office.

Comments

[Vicente]

The Middle East war is unlikely to end in the next month or two; it looks like it will be a very long one. The Americans could simply withdraw their main forces beyond the range of Iranian missiles and drones, periodically launching Tomahawk and bomber strikes against the Persians. As for Israel, it will continue to fire at them and receive attacks. But without a ground operation, the issue won't be resolved fundamentally, and there's not much momentum for that. Due to the steady rise in energy prices, Chinese producers will lose profit margins... Russia will also have other options for spending its hydrocarbon profits, but in a different theater of operations. We've been at war with NATO for two years now, unofficially so far...

[RUSICH]

Quote: Vicente

We have been fighting with the NATO bloc for two years now, unofficially for now...

2 ?!

[Aken]

Maybe he still has 24 years left?

[Murmur 55]

If everything is as the author writes, then Trump is clearly stuck with this operation in Iran; someone specifically set him up.

[Aken]

Six-Fingered made him.

[RUSICH]

They should hang a portrait of Trump in their office.

And Iran and Europe probably want to hang Trump himself.

[Vladimir Vladimirovich Vorontsov]

❝ American shale producers thank Trump, giving a thumbs up ❞ —

— Motorists and others who have felt the rise in gasoline prices, show another finger ...

[Junior Private]

Our Houthi brothers haven't fully entered the game yet. Hezbollah also has hundreds of rockets. Although they're very outdated, they can easily tear apart iron domes.

[Maxim from Irkutsk]

We started supplying oil to stabilize the world market?

[nik-mazur]

Quote: Maxim from Irkutsk

We started supplying oil to stabilize the world market?

No, consumers have started buying while there is no threat to them.

[Donna_Rosa_dAlvadores]

US President Donald Trump said he expects China's help in resuming shipping through the Strait of Hormuz: "I think China should help too, because China gets 90% of its oil from the Strait," the American leader said in an interview with the Financial Times. He's in deep trouble.

[Egoza]

Quote: Donna_Rosa_dAlvadores

China should help too,

Now China has run off to help him!

[Amateur]

What awaits China's aid?

He expects it from China, but will get it from "friend Vladimir," who will dump oil on the market at a bargain price to please "Colonel Trump."

[glock-17]

The US has secured its energy security through its shale and Venezuelan oil, but China and the EU will be in trouble with such oil prices.

[Alekc]

A multi-move operation—the Venezuela operation was a prelude to actions in Iran to relieve the blockade of the Strait. The obvious-incredible

[Xenon]

US shale oil producers give Trump a thumbs-up

The American military-industrial complex, which now has a large order book, should also give a thumbs up.

[tralflot1832]

There's no more oil on the market yet. Russian oil was already on the market. Trump allowed things that didn't require permission. European price ceilings on Russian oil are "gone to hell." The 20th sanctions package went the same way.

[tralflot1832]

American shale producers in a small circle: why increase production? It costs billions in investment. Besides, shale has come under the control of American oil giants, along with all the debts of the former shale owners. They will pay off their debts to American banks.

[Jacques sekavar]

Trump asked Russia to help stabilize world prices, and Russia didn't refuse. We'll see what happens.