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Trump Causes Global Panic Over Surging Oil Prices
New Republic • 3 days ago

Trump Causes Global Panic Over Surging Oil Prices

The American and Israeli war on Iran is causing oil prices to skyrocket, fueling alarm around the world. Finance ministers from the Group of Seven, a collection of the world’s seven wealthiest nations, plan to meet on Monday to discuss a possible joint release of their emergency oil reserves in an effort to lower prices, Reuters reports. South Korea also plans to cap fuel prices for the first time in close to 30 years. At an emergency meeting, South Korean President Lee Jae Myung called the war “a significant burden on our ⁠economy, which is highly dependent on global trade and energy imports from the Middle East.” Japan, which imports close to 95 percent of its oil from the Middle East, is reportedly preparing to release oil from its reserves, although no decision has been made yet. Vietnam has removed its import tariffs on fuel, while Bangladesh has shut down its universities to conserve energy. Last week, China asked its refiners to suspend fuel exports and cancel any existing oil shipments. In the Middle East itself, Iraq cut production in its oil fields by 70 percent, while Qatar, the world’s second-leading liquefied natural gas producer, has halted natural gas exports. Kuwait Petroleum Corp cut oil output on Saturday and declared force majeure, meaning that it can’t fulfill its contractual obligations. Bahrain’s state-owned Bapco Energies also declared force majeure on Monday after its refiners were attacked.  Trump is trying to deflect concern about the oil price surge, posting on Truth Social Sunday night, “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, ‌is a ⁠very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!” But that’s of little comfort to the rest of the world. Oil prices have shot up to over $110 a barrel, the highest levels since the pandemic. With no plan in place for the war’s aftermath and no end in sight, it doesn’t look like things will get better anytime soon. 

"Trump Has Been Anointed by Jesus" to Wage War on Iran: U.S. Commanders Accused of Promoting Holy War
Democracy Now • 3 days ago

"Trump Has Been Anointed by Jesus" to Wage War on Iran: U.S. Commanders Accused of Promoting Holy War

U.S. military commanders have reportedly been invoking extremist Christian rhetoric to push war on Iran, selling the conflict to American troops as an existential “holy war” in apocalyptic language that experts fear could exacerbate the violence and death toll of military operations. Mikey Weinstein, founder and president of the Military Religious Freedom Foundation, attributes the rise in extremism at the Pentagon to U.S. Secretary of Defense Pete Hegseth, who “has created a template that the only approved member of the U.S. military is to be straight, Christian, nationalist and male.” Weinstein warns that “whenever you attach an extremist aspect of any religious faith to that machinery responsible for war … we end up with one thing: oceans and oceans of blood.”

"Racist Regime": Iranian Israeli Editor Orly Noy on Israel Denying Bomb Shelter Access to Palestinians
Democracy Now • 3 days ago

"Racist Regime": Iranian Israeli Editor Orly Noy on Israel Denying Bomb Shelter Access to Palestinians

We get an update on the U.S.-Israeli war on Iran from Israel, where reports are growing of discrimination against non-Jewish and Palestinian citizens of Israel attempting to seek shelter from Iranian drone and missile attacks. While Jewish neighborhoods are “well protected” by bomb shelters, shelters are much rarer in Palestinian neighborhoods within the highly segregated country, explains Israeli journalist Orly Noy. “This is the meaning of a supremacist, racist regime,” she says. Noy, whose Iranian Jewish family immigrated to Israel during the 1979 Islamic Revolution, also points out that public focus on Iran has allowed the “ethnic cleansing” of Palestinians in Gaza and the West Bank to continue with minimal international outcry. This settler and soldier-led violence, coupled with Israel’s ongoing restrictions and humanitarian aid, are “part of the continuing genocide, the infliction of measures and policies meant to bring about the physical destruction of Palestinians,” says Amnesty International’s Agnès Callamard. “The control over humanitarian organization is very clear. It is meant to control those who dare speak up, those who are on the ground and are witnesses to the ongoing genocide.”

Iran Picks New Supreme Leader; Toxic Black Rain Falls After Israeli Strikes on Iranian Oil Depots
Democracy Now • 3 days ago

Iran Picks New Supreme Leader; Toxic Black Rain Falls After Israeli Strikes on Iranian Oil Depots

Iran has selected Mojtaba Khamenei to succeed his father Ali Khamenei as Iran’s supreme leader. The elder Khamenei was assassinated in a joint U.S.-Israeli airstrike on February 28. Iran selected the “hard-liner” Mojtaba Khamenei in defiance of President Trump, who has repeatedly claimed he can choose Iran’s next leader. His selection also contradicts the Islamic Republic’s previous resistance to hereditary succession. “The war changed everything,” says Iranian American political analyst Hooman Majd, who adds that Iran’s leadership sees the conflict as “existential” and is therefore carrying out retaliatory attacks throughout the region to “make it painful economically and in many other ways for the United States and for Israel to continue the war.” Meanwhile, preliminary investigations by The New York Times, Human Rights Watch and Amnesty International indicate that the U.S. military carried out the strike on an elementary school in Minab, Iran, that killed over 100 young girls. “It is a war against people,” says Amnesty International Secretary General Agnès Callamard, who is calling for the school massacre to be investigated as a war crime. “Iran is going to be changed forever,” says Majd, rejecting claims from U.S. leaders that military intervention has created the conditions for a civilian uprising. “For them to be able to rise up and take control of the government is just a pipe dream. I mean, how are they supposed to do that when they’re being killed or are running away from missiles almost on a daily basis?”

MR FUN | 3/9/26
The Majority Report • 3 days ago

MR FUN | 3/9/26

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