00:02Oil prices are surging again this morning. Renewed fighting in the Middle East is putting
00:06even more pressure on global energy supplies. Brent crude the global benchmark traded above
00:12$108 a barrel with the U.S. benchmark around $103. The latest jump comes after attacks forced
00:19Saudi Arabia to shut down its key east-west oil pipeline, an important alternative with shipping
00:25through the Strait of Hormuz, already severely disrupted. Iran-backed Houthi rebels in Yemen
00:30have launched new attacks on Saudi Arabia and seized territory along another critical Red Sea
00:35shipping route. Gas prices also remain high, with diesel at a record $6.23 a gallon today,
00:42according to AAA. But President Trump says the Middle East isn't responsible for the diesel shortage.
00:48Mr. Zelensky has to do one. He has to stop knocking out diesel fuel in Russia.
00:55Let him go after targets, but not diesel fuel, because he's causing
00:58a shortage of diesel fuel. This isn't done by the Middle East. This is done by what's
01:03happening with Russia and Ukraine. Meanwhile, a diplomatic effort to ease pressure on another
01:07key shipping route is now on hold. A planned meeting between Iran and Gulf states over shipping
01:12through the Strait of Hormuz has been postponed, with Iran saying Saudi Arabia requested the delay.
01:18No new date has been announced.
Comments