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strikeMar 30, 2026

Crude Oil Skyrockets As More U.S. Forces Converge In The Middle East

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(RTTNews) - Crude oil has catapulted on Monday as the gulf region gets enveloped in war-tension after the U.S. dispatches more soldiers to gulf while U.S. President Donald Trump warns Iran to open up the Strait of Hormuz right away or face obliteration. WTI Crude Oil for May month delivery was last seen trading up by $3.05 (or 3.06%) at $102.69 per barrel. The U.S.-Israel led war against Iran entered the fifth week today. Last Friday, Trump extended his earlier announced "pause" on all attacks on Iran's energy and power installations to resolve the conflict with Iran through diplomacy. Later, the U.S. also delivered a 15-point-peace proposal to Iran through Pakistan. Despite Trump's repeated claims of Iran negotiating with the U.S., Iran's senior parliamentarians and a section of Iranian media refuted his claims and asserted that Iran was not involved in any ceasefire talks. The re-opening of the Strait of Hormuz, which has been blocked by Iran, has been the nucleus of all U.S. peace attempts. However, since Iran ignored U.S. peace efforts and kept the strait effectively shut, oil transit concerns continue to grow higher day by day. Today, Trump once again reaffirmed that the U.S. was engaged with a "new and reasonable regime" to bring the war to an end and remarked optimistically that great progress has been made. Trump also warned that despite the progress, if for any reason Iran does not come for a deal, the U.S. will obliterate Iran's energy and power installations, oil wells and desalinization plants, and even confiscate Kharg Island from Iran. While his message gave a glimmer of hope on a quicker resolution to the conflict, it also increased concerns of a protracted gulf war. Meanwhile, the U.S. has deployed several military assets to the Middle East. Tension increased after the arrival of nearly 5,000 U.S. troops (including 2,500 U.S. Marines) in West Asia, signaling an inevitable U.S. military intervention if Iran disagrees with the U.S. peace offering. Already on March 24, around 2,000 paratroopers of the 82nd Airborne Division reached the gulf. Last weekend, U.S. Central Command announced that the USS Tripoli, carrying nearly 3,500 sailors and Marines from the 31st Marine Expeditionary Unit joined them. The Tripoli Amphibious Ready Group (ARG) is considered the most versatile and lethal response force of the U.S. Experts speculate that a ground invasion by the U.S. could be either to secure Kharg Island or to claim the reported 400 kg of enriched Uranium stockpile or to dissolve Iran's stronghold over the Strait of Hormuz and restore oil vessel traffic. Defying the U.S. threats, Iran has warned of greater retaliation to any U.S. offensive. Iranian parliament's speaker Mohammad Bagher Ghalibaf stated yesterday that Iran's soldiers are waiting for the arrival of American soldiers to "set fire" and punish them. Hezbollah militants from Lebanon, Houthi militia of Yemen, and Hamas in Gaza have pledged support to Iran. Analysts estimate that a ground-level military confrontation between the U.S. and Iran could drag on for months, leading to further escalation in oil prices. Major global central banks including the U.S. Federal Reserve leaned to contain inflation than addressing unemployment and hence have committed to keep the interest rates higher. In a discussion at the Harvard University Principles of Economic Class in Cambridge, U.S. Federal Reserve Chair Jerome Powell admitted that the current policy is in a good state to see how the current Middle East situation plays out and acknowledged that the economic effects of the war could not be guessed easily as of now. The U.S. dollar index was last seen trading at 100.47, up by 0.32 points (or 0.32%) today. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The White House is now apparently using Russian tactics to convince the American public that the war in Iran is not, in fact, a war. When asked by reporters at the White House on Thursday whether the most intense sustained air campaign by American forces since the invasion of Iraq would be over by the midterms, Vice President JD Vance replied: “I wouldn’t call it a war.

” Vladimir Putin said much the same thing when he invaded Ukraine. Russia was not fighting a war either, the Kremlin insisted; it was merely conducting a “special military operation.” If that comparison strikes you as shocking, consider the contours of the two conflicts.

A vastly more powerful military launched a punishing offensive against a smaller, less well-equipped adversary, inflicted enormous damage without achieving a decisive resolution, and then found itself drawn into a longer, grinding conflict with no clear way out.

The motivations behind the wars may be different, and they’re playing out in different theaters, but the pattern is eerily similar. Now, so too is the attempt by those in power to control how the public understands, and even what it is allowed to call, the obvious war unfolding in front of them.

If This Isn’t a War, What Is? Let us take a moment to assess what exactly has happened since February 28, when the U.S. launched Operation Epic Fury. The opening U.S.-Israeli attack killed Iran’s supreme leader, Ali Khamenei, along with the commander of the Revolutionary Guard, the defense minister and various other senior officials.

According to the U.S. military’s own accounting, the first 38 days of major combat operations involved more than 10,200 sorties and 13,500 strikes. U.S. Central Command (CENTCOM) says those attacks damaged or destroyed more than 85 percent of Iran’s ballistic missile, drone and naval defense industrial base, while knocking out 82 percent of its air-defense missile systems.

The U.S. sent carrier strike groups and warships into the region, later imposing a military blockade on Iranian ports. Meanwhile, American and allied air defenses intercepted more than 6,000 Iranian attack drones and 1,500 ballistic missiles fired at U.

S. forces, Israel and American partners across the Middle East. More than 50,000 U.S. service members remain deployed across the region. The fighting has killed 18 U.S. service members and at least 8,000 people across Iran, Lebanon, Israel and the Gulf states.

More than 750 U.S. service members have been wounded. Last month, during a lull in the fighting, the U.S. Treasury unveiled a sanctions package likened to an “economic D-day” that is designed to make Iran an “economic outcast” and cut the adversary off from all available forms of economic support.

In the announcement, Treasury Secretary Scott Bessent openly declared that Iran had been “at war against America” for 47 years. This week, the shooting resumed; the U.S. hit targets in and around the Strait of Hormuz, and Iran blasted missiles at targets in Kuwait, Bahrain, Jordan and Iraq.

All this from an administration that almost exactly a year ago launched a rapid rebrand of the Defense Department into the “Department of War”. No boots on the ground, though, so it’s not a war, right? Tell It Kind of Like It Is Even the very best snake-oil salesman would have a hard time convincing people that the war in Iran isn’t a war.

So why is JD Vance even trying? Well, if there’s one thing politicians understand better than anyone, it’s the importance of language and rhetoric. Words have immense power; a well-written speech can unite millions of people, and a catchy slogan like Make America Great Again can come to represent an entire political philosophy.

But war is a pesky word. For one, it implies there will eventually be a winner and a loser. It also brings with it certain expectations—and some very difficult questions. What is the objective? How many people will die? When will it end? And, perhaps most dangerously of all: was it worth it?

Those are not questions the White House wants Americans to be asking. Trump built a substantial part of his political identity around ending, rather than beginning, America’s “endless wars.” When Washington and Tehran signed a memorandum of understanding in June, the White House presented it as proof that Trump’s America First approach could deliver peace without another prolonged Middle Eastern conflict.

Then the hostilities started again. Earlier this week, Trump shared a Truth Social graphic declaring that “Hormuz Oil Volumes are BACK!”, saying 18 million barrels a day were once again leaving the Strait, compared with 20 million before the war. No independent commodity tracking company or energy analyst appeared to verify Trump’s claims.

But most Americans won’t be checking tanker-tracking dashboards. What they’ll care about is the cold, hard fact that diesel hit a new record price this morning, soaring to an average of $5.85 a gallon for the first time ever. Gasoline is $4.15 a gallon on average, compared with $3.

20 at this time last year, according to AAA. The numbers on the sign at the gas station and the price on the grocery receipt aren’t affected by Trump’s tall tales, but they’ll surely affect how Americans vote at the midterms. When viewed in this light, Vance’s attempt to discourage reporters from “call[ing] it a war” begins to make sense.

A war is something that we want to end. It tends to result in a winner and a loser. And its worth is up for debate at all times. A different kind of engagement that doesn’t quite meet the threshold of war—say, a special military operation—is not exposed to the same kind of scrutiny.

Vance effectively made that case himself. “When you ask, ‘When will this end?’ You’re asking me a question like, ‘When will the Iranians stop shooting at ships?’” he said. By that logic, there is no American war—only recurring Iranian provocations that require American military responses.

That’s exactly the logic applied by Putin to Ukraine and supposed expansion of NATO. Putting the Toothpaste Back in the Tube U.S. lawmakers have repeatedly invoked the War Powers Resolution to challenge Trump’s authority to keep fighting Iran without specific congressional authorization.

The law generally gives a president 60 days after U.S. forces enter “hostilities” to secure congressional approval or bring those hostilities to an end. That makes the pauses in fighting hugely important. When the original 60-day deadline arrived in May, Trump told Congress that the temporary ceasefire reached in April meant the hostilities that began on February 28 had ended.

Defense Secretary Pete Hegseth argued that the War Powers clock could “pause, or stop” when the shooting did. That position is disputed by legal experts, but its political utility is obvious. If every new outbreak of fighting can be treated as a separate skirmish, rather than part of one continuous war, the administration can argue that a fresh 60-day clock starts each time.

Vance’s insistence that there is no continuing “war” fits neatly for an administration that has already tried to divide six months of conflict into separate periods of hostilities, interrupted by ceasefires and pauses. This brings us back to Moscow.

The Kremlin’s own linguistic trick was also about making one sprawling war sound smaller, more limited and more manageable than it really was. From the very beginning of the invasion, Putin described the war as a special military operation. Only after two years of grinding warfare did Kremlin spokesman Dmitry Peskov openly declare Russia to be in a “state of war”—and even then, he said the transformation had occurred because the “collective West” had joined the fight against Russia.

Vance is playing a similar game, but in reverse. Only now—with soaring fuel prices, mounting casualties, concerns over the military’s munitions stockpiles, and midterm elections on the horizon—is the conflict no longer a war. You can’t put the genie back in the bottle, though, and the American people aren’t stupid.

Vance and the White House may discover in November that voters are perfectly capable of recognizing a war, even when the vice president doesn’t want to call it one.

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