The U.S. said Sunday that it struck rocket launchers on Iran's Larak Island in the Strait of Hormuz, the first strikes in weeks. Meanwhile, Iran said it retaliated by targeting American bases in Jordan and the United Arab Emirates. Aaron…
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Trump secures Venezuela’s oil, prices jump, Iran gets bombed, and working Americans get the receipt
Trump’s announcement of a deal to take control of 65 million barrels of Venezuela’s oil preserves (CBS News) comes alongside renewed U.S. strikes on Iran (CBS News, The Hill, New York Times). The official line touts energy security, but oil prices immediately jump (The Hill) after the strikes. The sequence is familiar: acquisition, escalation, and market ‘adjustment.’ The cost is paid at the pump, not at the negotiating table. The ledger is precise—Venezuela’s oil is now U.S.-controlled, the price of crude rises on news of conflict, and the balance sheet shifts away from working Americans. The reconciliation is simple: every military action and business deal finds its way into the consumer’s wallet. The official story names ‘energy independence,’ but the receipts show a transfer—from public to private, from stability to volatility. A win for the oil desk, a bill for everyone else.
“Trump grabs Venezuela’s oil for the U.S., bombs Iran to keep the price up, and oil costs spike. The deals and the wars always land in your gas tank, not in your pocket.”
“Energy independence is important, and sometimes it means making tough deals. Taking Venezuela’s oil preserves is a win—plus, strong action on Iran ensures stability. If prices go up a little, that’s just the market responding. Did I say the market is manipulated? That doesn’t sound like me.”
The receipts
The renewed attacks were the latest sign that the war that began six months ago appears far from over.
The U.S. and Iran traded strikes for the first time in weeks. American attacks targeted apparent Iranian rocket launchers on Larak Island. CBS News' Olivia Rinaldi reports.
Crude oil prices jumped Monday after the U.S. attacked Iran's Larak Island, prompting Iran to retaliate in the first known military action from either country after weeks of stalemate. Futures for Brent crude, the international benchmark…
President Trump touted lower gas prices after last week's oil deal with Venezuela, but experts don't agree it will ease the cost for consumers anytime soon. Nancy Cordes reports.
President Trump announced a deal to have majority control of more than 60 billion barrels of proven Venezuelan oil reserves. Amy Jaffe, the director of the Global Energy, Climate, and Sustainability Lab at New York University, joins CBS…
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front.