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The conflict's impact on oil supply highlights vulnerabilities in global energy security, potentially accelerating shifts towards alternative energy sources. The post Middle East conflict disrupts oil supply, pressures WTI prices upward appeared first on Crypto Briefing.
The post Trump Tells Reporters Gas Is ‘Way Down’ — US Pump Prices Say Otherwise – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Trump claimed gas prices fell “very substantially” on May 8, but AAA data shows they rose to $4.52/gal that day. The U.S.-Iran conflict disrupted roughly 20% of global oil supply, pushing Brent crude past $100/barrel in May 2026. EIA forecasts Brent could peak near $115/bbl in Q2 2026 before easing if the Strait of Hormuz tensions resolve. U.S. Gas Prices Are up $1.40 From Last Year Trump made the claim during a press exchange this week when reporters asked about his Middle East strategy amid pump prices exceeding $4.50 per gallon. He pushed back, telling reporters that gas prices had fallen “very substantially” that day and were “way down.” However, AAA data shows prices held near elevated levels before a 1-cent easing — well short of any substantial decline. The numbers tell a different story. At Trump’s January 2025 inauguration, the natio
