fox business Stuart Varney Claiming that the war in Iran has become a war of “free flow of energy”, it is not going well in that regard.
on Thursday varney co.Varney believes rising gas prices during the conflict with Iran have provided Democrats with “a lot of ammunition” ahead of the midterm elections. He added that Democrats see the Iran attack as “an issue that can be exploited,” and there’s plenty to exploit.
Varney cited the Strait of Hormuz and Iran’s ongoing drone and missile attacks on cargo ships carrying oil, complicating a market that has seen oil prices surge since attacks by the United States and Israel. According to AAA, the national average natural gas price has increased by more than 0.60 cents since last month.
Houston, we have a problem. Do you still remember that famous line… Apollo 13? Well, you can apply it now. Houston, we have an oil problem. Yes, we do. There’s plenty of supply, but we can’t get it to the right place fast enough. Iran’s drones and missiles have deterred tanker operators around the world from crossing the Strait of Hormuz.
Twenty percent of the world’s oil is stored in the Gulf. The president said we had destroyed the Iranian navy, which we did, but the attacks continued. Three ships were attacked overnight. A fire breaks out at an oil refinery in Bahrain. Oil prices are once again approaching $100 a barrel, currently at $94.55. Gasoline prices are dangerously close to $4 a gallon. That’s not good. The war may have been about ending the Iranian nuclear threat, but it has become a war to ensure the free flow of energy. At present, this war is not going well.
Fox Business anchor defends President donald trump The government needs to better understand the pressing issue of fuel prices before it’s too late, specifically citing officials who say naval escort ships won’t be ready this month.
“This is a real problem because if all the oil stays in the Gulf until April, oil prices will be well over $100 a barrel and gas prices will be well over $4 a gallon,” Varney said. “This will give Democrats a lot of ammunition. They know the public doesn’t want a long war, and they know $4 gas will make it less affordable.”
