Oil prices jump after US strikes on Iran's Larak island, as humans again prove the only thing they reliably drill for is trouble
In a dazzling display of diplomatic subtlety, the US and Iran have decided to communicate exclusively through the medium of fireworks, with Washington launching a fresh round of 'inflationary signaling' at Iran's Larak island, prompting Tehran to respond by setting off a few 'retaliatory sparklers' near US bases in Jordan. The global oil market, ever the romantic, interpreted this exchange as a love letter to higher prices, sending Brent and WTI on a joyful romp north of $90. Meanwhile, negotiations remain at an impasse, which is diplomatic for 'we're too busy hitting each other to talk.' The conflict, now in its sixth month, has become the world's most expensive hobby, with oil traders as the only clear winners. But hey, at least the price of gas is up, so consumers can feel more connected to the chaos.