Oil holds near $100 as Trump says America has ‘ammunition, and plenty of time’ to fight Iran war

PUBLISHED FRI, MAR 13 20265:59 AM

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KEY POINTS

• Brent crude oil futures, the global benchmark, hovered near the $100 mark on Friday.

• Brent futures are up 9% since the start of the week, building on the 27.9% rise seen last week.

•“We have unparalleled firepower, unlimited ammunition, and plenty of time,” U.S. President Donald Trump said on Truth Social overnight.

Brent crude oil, the global benchmark, held near $100 on Friday morning as the U.S.-Iran war heads toward its third week.

Brent futures were 1.13% lower at $99.32 per barrel 7:49 a.m. ET. U.S, after closing above $100 Thursday.

West Texas Intermediate crude futures down by 2.07% at $93.75 per barrel.

Oil prices have notched another week of gains, with Brent futures up more than 9%. It follows the 27.9% rise seen last week, which marked the biggest weekly gain in oil prices since the Covid-19 pandemic in 2020.

WTI futures, which saw their best week since 1983 last week, are on course to end this week 5.8% higher.

Traders are continuing to monitor developments in the Middle East, where the U.S. and Israel’s war with Iran is soon to stretch into a third week. Overnight, President Donald Trump hinted that an end to the conflict was not imminent.

“We have unparalleled firepower, unlimited ammunition, and plenty of time,” he said, before calling on his followers to “watch what happens” to the Iranian regime on Friday.

On Friday morning, Axios reported that Trump had claimed on a call with G7 leaders earlier this week that Iran was “about to surrender.” A day later, Iran’s new supreme leader, Mojtaba Khamenei, vowed to keep fighting in a message delivered via state television.

A number of foreign ships in or near the Strait of Hormuz, a critical oil shipping route that has seen a blockade amid the escalating conflict, have been struck by ammunition this week.

The attacks fed into concerns that a prolonged war could translate to a global economic shock.

“Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilised,” Ebrahim Zolfaqari, spokesperson for Iran’s military command, said on Wednesday, according to Reuters.Fucking greedy liars

https://www.cnbc.com/2026/03/13/oil-100-price-brent-wti-trump-iran-war-surrender-khamenei.html

>>24376304

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Oil prices remain elevated even after the International Energy Agency agreed to release a record 400 million barrels of oil from its emergency reserves and the White House moved to temporarily waive certain sanctions on Russian exports.

In a note on Friday morning, Barclays’ Emmanuel Cau said investors were becoming increasingly jittery after initially pricing in a short-lived conflict.

“Investors still believe in the Trump put, hence global equities are not down as much as in past oil shocks,” they said. “But nervousness is growing by the day and the longer the Strait of Hormuz stays closed the more stagflationary markets will turn. Watch central banks next week amid hawkish repricing in rates.”

Speaking to CNBC’s “Squawk Box Europe” on Friday, Amjad Bseisu, CEO of British petroleum production company EnQuest,said the oil market has “never seen something of this magnitude before.”

“Every day we see a delay, there’s another 20 million barrels [wiped off the market], and that will have an impact, and continues to have an impact,” he said.

“I think this will be probably longer and harder as a crisis than before, and probably something we need to just watch out for the downsides rather than the upsides.”

Bseisu noted that the last time there was a similar reduction in global oil supply was the Arab embargo of the 1970s.

“Then we saw quadrupling of prices, and I think we’ve seen prices here come up 50%but I do think this is going to be quite a long run,” he told CNBC.

(The pisser is, it’s the traders that are driving up this mania, freaking out people with their own portfolio…they know it but it’s about the money they make, not the citizens they harm.)

People should remember the earth has trillions and trillions of oil all over the planet. VZ vast reserves could support the planet for centuries and centuries, and perhaps never run out. The whole scam about running out of oil is just to increase the prices. WS traders love this shitty way of ripping people off!

https://www.cnbc.com/2026/03/13/oil-100-price-brent-wti-trump-iran-war-surrender-khamenei.html

Pete Hegseth on Strait of Hormuz: ‘Don’t need to worry about it’

PUBLISHED FRI, MAR 13 20268:13 AM EDTUPDATED 5 MIN AGO

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KEY POINTS

• Defense Secretary Pete Hegseth dismissed concerns that the closure of the Strait of Hormuz because of the Iran war would continue being a problem.

• “We have been dealing with it, and don’t need to worry about it,” Hegseth told reporters at a briefing at the Defense Department.

• Oil prices have been sharply higher since the U.S. and Israel launched attacks on Iran.

• Energy Secretary Chris Wright on Thursday morning said the U.S. Navy is not ready to escort oil tankers through the strait.Hours later, Treasury Secretary Scott Bessent said the U.S. Navy, and possibly an international coalition, would begin escorting ships as soon as “militarily possible.”

Defense Secretary Pete Hegseth on Friday brushed aside concerns that the effective closure of the Strait of Hormuz because of the Iran war, which has spiked oil prices, would continue being a problem for the U.S. and the world for much longer.

Iran has been “exercising sheer desperation in the Straits of Hormuz,” Hegseth said at a Pentagon press briefing.

“We have been dealing with it, and don’t need to worry about it,”he said.

Theprice of West Texas Intermediate crude oil

on Friday morning was around $93 per barrel. A day before the war began on Feb. 28, a barrel of WTI was selling for about $67.

Hegseth criticized media reports that claimed that before attacking Iran, the U.S. military lacked a plan to reopen the Strait of Hormuz, which is the world’s most critical oil shipping choke point.

“Of course, for decades, Iran has threatened shipping in the Strait of Hormuz. This is always what they do, hold the strait hostage,” he said.

“We planned for it. We recognize it,” Hegseth told a reporter who asked him why the Pentagon had not planned for the strait being choked off to traffic.

“Ultimately, we want to do it sequentially in the way that makes the most sense for what we want to achieve,” he said, without detailing specific plans.

Neither Hegseth nor Joint Chiefs of Staff Chairman Dan Caine said how the U.S. would open up the strait to the traffic of oil tankers and other ships. Uncertainty about oil transport from the region has roiled markets and caused supply concerns, particularly in Asia.

On Thursday morning, Energy Secretary Chris Wright told CNBC the U.S. Navy is not ready to escort oil tankers through the strait. Treasury Secretary Scott Bessent, hours later, told Sky News that the U.S. Navy, and possibly an international coalition, would begin escorting ships through the strait as soon as “militarily possible.”(not a good look)

https://www.cnbc.com/2026/03/13/iran-war-strait-of-hormuz-hegseth.html

>>24376345

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Asked how soon the Strait of Hormuz would be open to traffic, Hegseth said Friday, “The only thing prohibiting transit in the straits right now is Iran shooting at shipping.”

“We have a plan for every option here,”he said. “We’re working with our interagency partners. That’s not a strait we’re going to allow to remain contested or a lack of flow of international goods.”

Caine, when asked about removing mines from the Strait of Hormuz laid by Iran, said, “We retain a range of options to solve a whole variety of problems.”

Hegseth predicted, again, that “soon and very soon, all of Iran’s defense companies will be destroyed.” He said that as of two days ago, every company that builds components of Iran’s ballistic missiles “has been functionally defeated.”

The Defense secretary speculated that Iran’s “new so-called, not-so-supreme leader,” Mojtaba Khamenei, “is wounded and likely disfigured,” noting Khamenei started posting on X on Thursday with messages that included only text and not video or voice.

Hegseth and Caine’s vagueness in offering either details of a possible solution to the strait’s closure, or a timeline for such a solution came as RBC Capital Markets, in a note on Friday, said, “There is significant skepticism that a robust US Navy tanker escort service will be operational soon.”

RBC said that skepticism was “due to capacity constraints as well as the fact that Iran’s enhanced military capabilities will pose a bigger challenge than the US faced during the Tanker Wars of the 1980s.”

The note also said that a $20 billion insurance program promoted by the U.S. International Development Finance Corp., to encourage oil tankers and other commercial vessels to begin transiting the strait “similarly … is not generating much enthusiasm as it only covers the roughly 22 miles of sea lanes in the Strait, not the surrounding waterways, and offers neither casualty nor environmental coverage.”

“Above all, we are struck by the fact that a number of Washington-based security analysts seem to be working with longer-duration timelines than market participants residing outside the Beltway,” RBS’ Helima Croft, head of global commodity strategy and MENA research, wrote.

https://www.cnbc.com/2026/03/13/iran-war-strait-of-hormuz-hegseth.html

I think it’s time for the military and Trump Admin to stop giving so many briefings

>>24375778 Top Overnight NewsPN

Whoever the anon that does this daily, Thank You for the Excellent synopsis

>>24376191 Even OBAMA’S DHS Secretary is calling on Democrats to cut their BS and fund DHS NOWPN

The Democrats in Congress and Senate should be investigated of how many of them are investing in stocks relating to this shutdown and the war. Who makes money from the shutdown, and the war. How many Jewish members investing in Israel related stocks and companies.

What, did you actually think any of the members on both sides are doing their actual job? Don’t be naive this is a time for all of them to get richer!

>>24376200 ‘Round River’ FBI Op Was A Deep State Conspiracy To Thwart Investigation Into Biden Family CorruptionPN

If they did it for Bidan, they did it even more for Obama. The FBI should go looking for all of his files, and go to every FBI where the years of proof he was never eligible to be President!

I’m impatiently waiting for the big reveal of Obama. Maybe then they’ll do Bill and Hillary. These people should not be paid for the rest of their lives being President when they are terrorists and worse.

If anyone thinks the American people have forgotten any of them or their crimes, we haven’t!

Ken Paxton drops brutal new ad on john Cornyn.

Anti-Trump Cornyn

1:52

Ken Paxton for Senate

(God Bless Paxton, and help him defeat the Mafia leader in Senate, Cornyn)

https://youtu.be/0PVKATErlyA

CNN 3/13/2026

Buzzfeed has ‘substantial doubt’ it can stay in business

(Let the shit die already, they created Russiagate, etc)

By Ramishah Maruf, CNN

Updated: 6:50 PM EDT, Thu March 12, 2026

Buzzfeed, the digital media company that took the mid-2010s by storm, said on Thursday it has “substantial doubt” about its ability to continue as a business.

In an earnings report released Thursday, Buzzfeed said it has engaged in “strategic conversations” about relieving its liquidity issues.

“We believe there is a gap between the value of our individual assets and our market capitalization that suggests significant unrecognized upside,” founder and CEO Jonah Peretti said.

The company was $165 million in debt three years ago; that’s been slashed by more than 65%, Buzzfeed said. But Matt Omer, Buzzfeed’s chief financial officer, said the company is still burdened by legacy commitments. Alongside its namesake, Buzzfeed also owns news site Huffpost and online food network Tasty.

“We’re exploring strategic options to complete the work we started years ago and position the Company to operate profitably on a sustainable basis,” Omer said in the earnings statement.

Peretti gave a hint of what that could look like in the statement: “In 2026, our focus is demonstrating the value of our brands, Studio IP, and new AI apps to the market.”

In 2025, Buzzfeed had a net loss of $57.3 million, according to its earning report. The company noted it did not have enough resources to fund its cash obligations for the next year.

The decline of Buzzfeed’s digital empire, synonymous with viral videos and online quizzes, has been playing out since its IPO in 2021.

Two years later, in 2023, Peretti announced that the Pulitzer-prize winning Buzzfeed News would shut down.

Buzzfeed has gone through several rounds of layoffs and cost-cutting measures, and it sold Complex Networks in 2024.

https://lite.cnn.com/2026/03/12/business/buzzfeed-substantial-doubt

Fox News

@FoxNews

BRIAN KILMEADE: “What's your message back to the new Supreme Leader?”

PRESIDENT TRUMP: “Well, they've been doing a lot of talking, so he's going to have to put up. We'll have to see because we are decimating them.”

“We've knocked out most of their missiles. We've knocked out many of their drones. We knocked out a lot of the manufacturing areas where they manufacture the missiles and now the drones."

“We're hitting them harder than anybody's been hit since World War II.”

The full interview airs on the Brian Kilmeade Show tomorrow at 10:00 AM.

9:53 PM · Mar 12, 2026

·

317.2K

https://x.com/FoxNews/status/2032273819100967323?s=20

Texas judge who tried to access VIP area at Houston rodeo concert claims racism, sexism at play

Lina Hidalgo says she was grabbed and shoved when trying to access VIP area at Houston Livestock Show and Rodeo

Louis Casiano By Louis Casiano

Published March 12, 2026 5:23pm EDT

Disbar the bitch, this tells you everything you need to know, she’s a racist and can’t be a judge.

A Texas judge said she was manhandled while attending a concert at the Houston Livestock Show and Rodeo this week after staffers refused to let her access a VIP area and escorted her out of the venue. The judge questioned whether she was the victim of racism or sexism despite being given $9,000 in freebies.

Harris County Judge Lina Hidalgo said she and five guests — another elected official, the official's children and the parents of a U.S. Air Force sergeant who recently died — attended a Megan Moroney concert at the popular rodeo show Tuesday.

However, the group was barred from the venue's premium floor access area — the ticket area known as "the dirt" — because they had not paid the $425 per head price tag for wristbands and the show was sold out, the rodeo said in response to a Fox News Digital request for comment.

Hildalgo said she had previously been allowed on the floor access area without a wristband "based on the county's relationship with the rodeo." She said she assumed the area was "friends of rodeo leaders or for rodeo leaders or such."

The judge said she then asked if her guests could be let into the area before she was grabbed, shoved and threatened with arrest.

"I understand the rodeo committee members have a job to do," Hidalgo wrote in a scathing letter to rodeo board Chairwoman Pat Phillips and rodeo President Chris Boleman.

"They are trying to keep thousands of people safe at the largest rodeo in the world. I did not want to prevent the committee members from doing their jobs, nor was I trying to take advantage of ‘privileges’ or call in favors. I was not even interested in seeing the concert. I was only interested in helping community members enjoy an important event."

Rodeo officials said Hidalgo was asked several times to return to the county suite where she was seated previously. She was then asked to leave and was escorted out of the venue.

"There were numerous law enforcement officers who were present and none saw any physical harm, including ‘manhandling,’" Phillips and Boleman said in a joint letter addressing the matter. "Ultimately, when she would not go back to her designated seats in the suite, she was escorted out."

Rodeo officials said Hidalgo requested and was given $9,000 in floor access tickets for herself and her guests for three previous nights for concerts to see J Balvin, Dwight Yoakam and Luke Bryan.

"We are very disappointed in Judge Hidalgo’s actions Tuesday night and since," Phillips and Boleman said. "But we must enforce the same access policies for everyone. The Judge is the only elected official to request, even demand, these seats night after night.As Chairwoman of the Board, the idea that she was treated this way because she’s a woman or Hispanic is absolutely false and insulting."

https://www.foxnews.com/us/texas-judge-tried-access-vip-area-houston-rodeo-concert-claims-racism-sexism-play

Soros-backed DA sparks backlash after blaming Old Dominion shooting on pro-gun lawmakers: 'F— right off'

City of Norfolk Commonwealth's Attorney Ramin Fatehi told Fox News he 'absolutely' stands by his remarks

By Alec Schemmel Fox News

Published March 12, 2026 9:45pm EDT

The George Soros-backed district attorney in Norfolk, Virginia, where Thursday's mass shooting at Old Dominion University took place,doubled down on his viral comments, saying community members looking to place blame on the shooting should direct it towards pro-gun lawmakers and judges.

Commonwealth's Attorney Ramin Fatehi was pressed by Fox News Digital to elaborate on his comments during the press conference earlier, prompting him to stand by his comments.

"I absolutely stand by what I said. It is the truth, no matter how much the gun lobby wants to deny it,"Fatehi said when asked if he stood by his comments despite Thursday's mass shooter in Virginia having a public record of supporting Islamic terrorism.

The shooter, a former National Guardsman and naturalized citizen from Sierra Leone, was previously sentenced in 2017 for attempting to provide material support to ISIS, but appears to have been released by the Federal Bureau of Prisons in late 2024 during the Biden administration.

"We have confirmed reports that prior to him conducting this act of terrorism, he shouted all our stated Allahu Akbar," Special Agent in Charge Dominique Evans said in a Thursday evening news conference.

"No matter the ideology of an attacker, that attacker is more dangerous with a gun than without one," Fatehi, whose top two donors include the Soros-subsidized Justice and Public Safety PAC and Democracy PAC, said. A Fox News Digital review found that the two Soros-funded PACs donated over $650,000 combined to his campaign coffers between 2021 and 2025.

A conservative group that tracks nonprofit spending, The Capital Research Center, reported that across a decade, between 2012 and 2022, Soros spent $40 million on the Justice and Public Safety PAC, which is known for supporting left-wing prosecutors. Democracy PAC, a super PAC created by Soros in 2019, was given nearly $30 million during the first three months of 2020, The Capital Research Center also reported.

Some of the better-known liberal prosecutors supported by these Soros-backed groups include recalled San Francisco District Attorney Chesa Boudin,former Chicago District Attorney Kim Foxx and former Los Angeles District Attorney George Gascon, according to the Capital Research Center.

On Thursday, Fatehi, who has served as the Commonwealth's Attorney in Norfolk since 2022, walked up to the podium during a post-shooting press conference unprovoked before giving his remarks about who should be to blame – at least in part – for the shooting.

"I'm constrained in what I can say about the facts of the case, but I can speak a little more freely about the bigger questions," Fatehi said after walking up to the podium.

“These men work every day to make people safe," he continued, referring to law enforcement officials. "People are as safe on the ODU campus as anywhere, arguably safer than in other parts of Norfolk. But this is not an ODU problem. This is a national sickness. We live in a country where people care more about guns than they care about 6-year-old children. They care more about guns than they care about synagogue worshipers. And they care more about guns than they do about college students."

The left-wing prosecutor went on to say that it doesn't matter "how hard" law enforcement or the university works to ensure tragic incidents like what happened Thursday, are not repeated, adding that "somebody will be a victim eventually."

These remarks sparked backlash on social media, with several conservatives attacking him and bringing up the criminal history of the shooter.

"I really try not to cuss here, but Fatehi can f— right off with this statement," BearingArms editor Cam Edwards posted on X.

"Given this lunatic is the DA, there’s like a 90% chance he’s going to charge the hero who stabbed the Islamist to death to stop the attack," RedState writer Bonchie wrote on X..,.

https://www.foxnews.com/politics/soros-backed-da-sparks-backlash-after-blaming-old-dominion-on-pro-gun-lawmakers-f-right-off