ConocoPhillips COP

The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on a global scale is becoming increasingly realistic with each day that the Strait of Hormuz remains almost completely blocked. Analysts are no longer modeling for a swift end to the war between the United States, Israel, and Iran. They are now also allowing for an extended period of severe energy flow disruptions—and it is not looking good.

He said: “What is certain is that the hands of time will not turn backwards and the nations and lands of the region will no longer serve as shields for American bases. The United States not only will no longer have a safe haven for its mischief and for establishing military bases in the region but, day by day, it is growing more distant from its former status.”

He added: “The shaken Zionist regime and the cancerous tumour of Israel are approaching the final stages of their wretched existence.” His remarks put into perspective Trump’s much-derided claim that Arab states, as well as Turkey and Iran, should normalise relations with Israel.

Iran's foreign ministry called the strikes a ceasefire violation and warned that Washington would bear responsibility for “all consequences,” without elaborating.

Iran fires more missiles at Israel and rejects Trump's talk as 'fake news' for markets

MARCH 24, 20267:08 AM ET
By
NPR Staff
Israeli security forces take cover during a siren alert while gathering at the site of a Hezbollah missile strike that targeted a bus in the northern Israeli border town of Kiryat Shmona on March 23, 2026.
Israeli security forces take cover during a siren alert while gathering at the site of a Hezbollah missile strike that targeted a bus in the northern Israeli border town of Kiryat Shmona on March 23, 2026.
Jalaa Marey/AFP via Getty Images
Israel and Iran exchanged more missile strikes Tuesday, including one that hit central Tel Aviv, according to Israeli authorities.

The latest exchanges come as Washington and Tehran send conflicting messages about the war's future and possible talks to end it. On Monday, President Trump said the U.S. and Iran have had "productive" conversations about ending the war. He postponed a threatened attack on Iran's energy infrastructure until the end of the week, contingent on talks' progress. Iranian officials, meanwhile, have dismissed the idea of negotiations as "fake news," but Iran's foreign ministry said it was responding to requests through intermediaries of friendly countries.

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Oilsf/ Iran vows to fight to the end! Not surprising, they never back down, negotiating not bullying works better when dealing with them, they will bomb all other oil facilities in the area.

Oilsf/ Iran vows to fight to the end! Not surprising, they never back down, negotiating not bullying works better when dealing with them, they will bomb all other oil facilities in the area.

Oilsf/ oil prices set to skyrocket after Trumps fake news!/He says that, as a result of the talks, he has postponed threatened strikes on Iranian power plants for five days - oil and gas prices fall immediately
However, Iran's parliament speaker denies talks have taken place with the US and says "fake news" is being used to "manipulate" the oil markets

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