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Oil Prices Soar To Highest Since 2024 As Middle East Conflict Widens

Oil prices soared about 6% to their highest since 2024 on Tuesday, rising for a third session as the U.S.-Israel war against Iran widened, disrupting energy shipments from the Middle East and stoking fears of a prolonged conflict. Brent futures rose $4.70, or 6.1%, to $82.44 a barrel at 12:38 p.m. EST (1738 GMT). U.S. West Texas Intermediate rose $4.43, or 6.2%, to $75.66. Brent was on track for its highest close since July 2024 and WTI for its highest since January 2025. The war has widened. Iraq, No. 2 crude producer in the Organization of the Petroleum Exporting Countries (OPEC) behind Saudi Arabia, has cut production by nearly 1.5 million barrels a day (bpd), and the cuts could more than double within days as the country runs out of storage space for crude it cannot export due to the crisis. "Iran’s retaliation has been broader than its previous, mostly symbolic measures, and its approach has resulted in several regional flashpoints posing real risk to supply," analysts at Standard Chartered, a bank, wrote in a note. U.S.-operated energy assets in Iraq are at risk because they rely heavily on transit through the Strait of Hormuz, they added. Israel has attacked Lebanon. Iran has responded with strikes against energy infrastructure in Gulf countries and tankers in the Strait of Hormuz, through which a fifth of the world's oil and liquefied natural gas typically passes. Andrew Lipow, president of consultancy Lipow Oil Associates, said Iran's attacks on infrastructure could boost oil prices by $10 with Brent going to $90 and up. Tankers and container ships are avoiding the waterway after insurers cancelled coverage for vessels and global oil and gas shipping rates soared. Concerns increased after Iranian media reported on Monday that Iran will fire on any ship trying to pass through the Strait of Hormuz. U.S. President Donald Trump said U.S. and Israeli air attacks were projected to last four to five weeks but could go on longer. Trump also noted that the U.S. was considering oil tanker insurance support. LOOKING FOR OTHER SUPPLIERS Citing the Strait of Hormuz, India and Indonesia said they were seeking alternative energy supplies. In China, supply disruptions were causing some refineries to shut or push ahead maintenance plans. Since the start of attacks, oil and gas infrastructure in several countries has shut because of damage or as a precaution. Qatar has stopped liquefied natural gas production, Israel has stopped production at some gas fields, Saudi Arabia shut its biggest refinery and output in Iraq has dropped. Saudi oil giant Aramco is attempting to reroute some crude exports to the Red Sea to bypass the Strait of Hormuz where the risk of attacks has slowed shipping to a near halt, sources said. GASOLINE AND DIESEL U.S. diesel futures jumped around 12% to their highest since September 2023. U.S. gasoline futures climbed about 4% to $2.47 a gallon, their highest since July 2024. Crack spreads, which measure refining profit margins, soared to their highest since 2023. In global natural gas markets, benchmark Dutch contracts, British gas prices and European and Asian LNG prices all jumped. The premium of Brent over WTI rose to $8 a barrel, its highest since November 2022. Analysts have said that when this premium rises over $4, it can support U .S. crude exports. In the U.S., traders awaited storage reports from the American Petroleum Institute (API) trade group on Tuesday and the U.S. Energy Information Administration (EIA) on Wednesday. Analysts projected energy firms added 2.2 million barrels of crude to storage during the week ended February 27.

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Trump’s Iran Operation Is Legal, Just, and Overdue

In this episode of The Josh Hammer Show, Josh examines the ongoing military campaign against Iran, breaking down the strategic complexities of U.S.-Israel relations and the broader Iranian threat. He reflects on the historical context of American military engagement, the stakes surrounding Iran’s nuclear ambitions, and how recent developments could reshape the geopolitical landscape. Josh also discusses the celebration of Purim and its symbolic relevance during a moment of heightened tensions in the Middle East. Later, Mike Doran of the Hudson Institute joins the show to analyze what comes next — both for Iran and for the broader region. Josh is also joined by John Yoo, former Deputy Assistant Attorney General, to discuss the legal authority behind the president’s decision to order the strikes and to address claims from critics who argue the action was unauthorized or unconstitutional.

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U.S. Preparing Military, Charter Flights For Americans In Middle East

The U.S. State Department says it's preparing military and charter flights for Americans who want to leave the Middle East. The announcement comes as tens of thousands of people are stranded across the Middle East as the Iran war spreads throughout the region. They range from Romanian religious pilgrims to tourists and diplomats’ family members. Major airlines have canceled flights to and from the region. And airspace across the Gulf is closed. Some of the stranded travelers have been forced to seek shelter amid airstrikes. Others are marooned aboard cruise ships that can't sail through the Strait of Hormuz. The U.S. State Department has urged all Americans to leave more than a dozen Middle Eastern countries. The U.S. State Department has also evacuated nonemergency personnel and families in six nations. It added the United Arab Emirates to its list on Tuesday.

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Trump Says U.S. Has 'Knocked Out' Many Iranian Naval & Air Targets

President Donald Trump said on Tuesday (March 3) that the U.S. military had been successful against many Iranian naval and air targets, saying "just about everything has been knocked out." He made his comments in the Oval Office ahead of a meeting with German Chancellor Friedrich Merz. Trump, answering questions from reporters, said he ordered the attack against Iran because, "if we didn't do it, they were going to attack first, I felt strongly about that," as negotiations over Iran's nuclear programme stalled. He presented no evidence to support the view. Iran had been anticipating another round of talks with U.S. envoys after negotiations were held in Geneva last Thursday (February 26). Trump said Iran was still lobbing missiles but predicted Tehran will eventually lose this capability due to a sustained assault against them.

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A Press Room Reality Check

Mike recalls a very funny moment in the White House press room when Sebastian Gorka clashed with Jim Acosta. After Acosta reportedly suggested the room was reserved for journalists, Gorka fired back, rejecting what he saw as media snobbery and delivering a sharp, memorable rebuke.

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Freedom Is Not Free: Strength Through Resolve

Freedom is never guaranteed—it must be defended with strength, conviction, and moral clarity. Recent actions in Iran and the broader Middle East reflect a long-standing principle of peace through strength: when America leads decisively, adversaries think twice.

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President Trump's Stance on Iran Hasn't Changed in 40 Years

President Trump's Stance on Iran Hasn't Changed in 40 Years

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Iran's Diplomats Were Clearly Non-Negotiable

Iran's Diplomats Were Clearly Non-Negotiable

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What the U.S. Needs to do to Win the War

what the U.S. needs to do to win the war

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America's Grand Strategy and what the War with Iran Means For It

America's Grand Strategy and what the War with Iran Means For It

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The Economic Impacts of Striking Iran

The Economic Impacts of Striking Iran With Steve Moore, Committee to Unleash Prosperity, former economist at the Trump White House, author of the daily “Hotline” newsletter from the Committee to Unleash Prosperity | Co-author of The Trump Economic Miracle: And the Plan to Unleash Prosperity Again (released September 24, 2024) ||| @StephenMoore

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Trump's Goals In Attacking Iran

Trump's Goals In Attacking Iran With Victoria Coates, vice president of the Kathryn and Shelby Cullom Davis Institute for National Security and Foreign Policy at the Heritage Foundation, former Deputy National Security Advisor to President Donald Trump, author of the book The Battle For The Jewish State: How Israel-And America-Can Win | @VictoriaCoates

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What Does Victory Look Like In Iran?

What Does Victory Look Like In Iran? With Bagriel Noronha, GABRIEL NORONHA - Executive Director of POLARIS National Security (POLARIS-US.org) | @GLNoronha | From 2019-2021, Noronha served as Special Advisor for the Iran Action Group at the U.S. Dept of State, coordinating policy that deprived the regime of around $200-billion dollars that would’ve otherwise been used to support terrorism. He directed the State Dept’s communications & congressional affairs for Iran.

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Thousands stranded in Middle East as Iran war escalates

Tens of thousands of people are stranded across the Middle East as the Iran war spreads throughout the region. Major airlines have canceled flights to and from key destinations, and much of the Gulf’s airspace remains closed. The disruptions have left tourists, religious pilgrims, diplomats’ family members and business travelers stuck in hotels, airports and aboard cruise ships unable to pass through the Strait of Hormuz. The U.S. State Department is urging Americans to leave more than a dozen countries immediately, including Iran, Iraq, Jordan, Lebanon and Israel, advising citizens to use any available commercial transportation while options remain. Governments around the world are scrambling to repatriate their citizens. Romanian pilgrims have returned home after being stranded in Israel. Germany is arranging charter flights for vulnerable travelers. British passengers have arrived back in London, while Italy and France are also working to bring thousands of their nationals home. The escalating conflict has triggered widespread travel chaos and growing concern about regional stability, with no immediate resolution in sight.

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Third Victim Dies Following Downtown Austin Shooting

A third victim has died following Sunday morning’s mass shooting in downtown Austin. Thirty-year-old Jorge Pederson was taken off life support Monday. Austin Police Department officials identified the two other victims killed as 19-year-old Ryder Harrington and 21-year-old Savitha Shan. Two additional patients remain in critical condition. Police say a gunman wearing a shirt displaying an Iranian flag opened fire, injuring dozens and killing three people. Officers shot and killed the suspect at the scene. The investigation remains ongoing.

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Iran strikes US embassy in Saudi Arabia as conflict escalates

Iran struck the U.S. Embassy in Riyadh, Saudi Arabia, today with two drones, causing a limited fire and minor damage, according to Saudi officials. The embassy is urging Americans to avoid the compound as a precaution. The attack follows a separate strike on the U.S. Embassy in Kuwait, which has now closed. The State Department has ordered the evacuation of non-emergency personnel and family members from Kuwait, Bahrain, Iraq, Qatar, Jordan, and the United Arab Emirates amid growing security concerns. The expanding conflict has killed hundreds of people across the region. Iran has also threatened to close the Strait of Hormuz, a vital global oil route through which roughly a fifth of the world’s oil supply passes, raising fears of broader economic disruption.

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“OPERATION EPIC FURY”Is The Epitome Of America First

In this episode of the Carl Jackson Show, the host discusses Operation Epic Fury, outlining its objectives, the historical context of Iran's aggression, and the role of President Trump in shaping U.S. foreign policy. The conversation delves into the implications of military engagement, the historical attacks by Iran on the U.S., and the strategic overview of the operation. Jackson emphasizes the importance of a strong America for global safety and critiques past administrations for their handling of Iran. The episode concludes with a call to action for listeners to support the mission and understand the stakes involved in U.S.-Iran relations. Facebook: https://www.facebook.com/carljacksonradio X/Twitter: https://twitter.com/carljacksonshow Parler: https://parler.com/carljacksonshow Instagram: https://www.instagram.com/thecarljacksonshow http://www.TheCarlJacksonShow.com Visit our Store https://CarlJacksonStore.com

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Major Historical Documents Start Journey Across U.S. As Part Of Nation's 250th Anniversary Celebration

Some of the United States' most important historical documents are beginning a first-of-its kind journey Monday as part of the country's 250th anniversary commemoration. Typically housed in highly controlled vaults under the watch of preservation experts at the National Archives, documents such as the 1783 Treaty of Paris that formally ended the Revolutionary War and the 1774 Articles of Association that urged colonists to boycott British goods are rarely moved. But those documents, signed by George Washington, John Adams, Benjamin Franklin and other American revolutionary leaders, will be making their way across the country and put on display for free at local museums. “It's tangible history, and tangible history inspires,” said Jim Byron, senior adviser to the acting archivist of the United States. “These documents have not traveled, and they’ve certainly not traveled collectively, ever. They are here in vaults.” The Boeing 737 “Freedom Plane” transporting the documents is just one of many events and activities planned across the country to mark America's upcoming 250th anniversary celebrating the signing of the Declaration of Independence on July 4, 1776. A congressionally chartered commission, America 250, and a separate White House-led initiative, called Freedom 250, are both coordinating events, an overlap that has faced some criticism in Washington. Among the planned activities are a fleet of mobile museums driving across the country, a story collection initiative and a Great American State Fair on the National Mall in Washington, D.C. President Donald Trump has even announced plans for a “ Patriot Games ” sporting event featuring high school athletes and a UFC mixed-martial arts fight at the White House. The “Freedom Plane" is scheduled to depart Ronald Reagan Washington National Airport on Monday and head to its first stop in Kansas City, Missouri, where the documents will be transferred to the National WWI Museum and Memorial. The records include a rare original engraving of the Declaration of Independence printed in 1823 from a copperplate of the original; the Oaths of Allegiance signed in 1778 by George Washington, Alexander Hamilton and other officers of the Continental Army; and a rare draft copy of the U.S. Constitution that includes handwritten notes by the delegates. Other planned stops will be in Atlanta, Los Angeles, Houston, Denver, Miami, the Detroit suburb of Dearborn and Seattle. “The reality that these documents are leaving D.C. and coming to the heartland is fantastic,” said Matt Naylor, president and CEO of the National World War I Museum and Memorial, where they will be on display for a little over two weeks starting Friday. “There's a lot of excitement about that and a lot of talk in and around the city about what that means.” Naylor said the early response has been overwhelming. Local schools have already booked visits for more than 5,000 schoolchildren. “That’s indicating that there’s a lot of enthusiasm for this,” he said. The "Freedom Plane" tour was inspired in part by the “American Freedom Train” that toured 48 states in 1975 and 1976 as part of the country's bicentennial celebration. It carried various pieces of American history, including the original Louisiana Purchase documents, Judy Garland's dress from The Wizard of Oz and Jesse Owens' gold medals from the 1936 Olympic Games.

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FBI Investigating Texas Shooting That Left 3 Dead As Potential Act Of Terrorism

The FBI is investigating a deadly late night shooting at a bar in Austin, Texas on Saturday (February 28) as a "potential act of terrorism." "Obviously, it's still way too early in the process to determine an exact motivation, but there were indicators that on the subject and in his vehicle that indicate a potential nexus to terrorism," said Russel Doran, the FBI's special agent in charge for San Antonio, at a news conference on Sunday (March 1). Three people were killed and another 14 injured, 3 critically, when a male gunman opened fire from a vehicle in front of a bar in the city's busy 6th St district, police said. The suspect was later killed in an exchange of fire with police at a different downtown location, police said. Police did not release the identity of the shooter or make any further comment on the shooter's motive. U.S. law enforcement is on heightened alert after the U.S. and Israel opened a campaign of airstrikes against Iran on Saturday, killing its supreme leader Ayatollah Ali Khamenei.

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