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...
...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...