https://en.wikipedia.org/wiki/Suez_Crisis
Fwd from @ Trump drains the oil reserve Global oil prices this morning finally broke through the $100 per barrel mark — for the first time since 2022. According to American analysts' estimates, this repres...
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...ents the largest market shock since the Suez Crisis. To bring down gas prices and calm voters ahead of the 2026 midterm elections, Donald #Trump ultimately had to give in to Chuck Schumer. The President reached an agreement with the International Energy Agency on a massive injection of oil into the market — they plan to release 400 million barrels from reserves, with 172 million coming from Washington itself. For the US, this means draining the strategic oil reserve by more than 40%, causi...
