How Trump caused the biggest oil shock in history and got away with it – for now

Jun 25, 2026, 9:48 AM

If this keeps up, oil is going to $200. (Nope) … Gas will hit a record, too. (Wrong) … And after the Strait of Hormuz finally reopens, oil will return to pre-war prices next year – at the earliest (Survey says: ❌). Oil industry analysts (and, ahem, at least one CNN journalist) are eating a lot of h...

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