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Trump admin loosens sanctions on Russian oil as prices skyrocket: report

President Donald Trump's administration temporarily lifted sanctions against Russian oil that is already at sea on Thursday in an effort to ease the oil price crisis caused by the recent war in Iran, according to a new report.

The New York Times reported that the new exemptions will be in place until April 11. The U.S. initially placed sanctions on Russian oil as a means of exerting economic pressure on the country to end its war in Ukraine.

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CNN anchor cuts off Jim Jordan as exchange gets testy: 'No one's talking about that'

CNN anchor Kasie Hunt was noticeably annoyed by Rep. Jim Jordan (R-OH) during a fiery interview Thursday.

Hunt was asking Jordan to comment on the U.S.-Israeli strikes in Iran and the Trump administration's objectives and rising gas prices when the conversation got heated.

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GOP senator uncorks crude ultimatum to Europe: 'Take the skirts off!'

WASHINGTON — A Republican U.S. senator used insulting and sexist language to demand European countries join America and Israel’s war against Iran, saying NATO allies should “take their skirts off, maybe put some boots on and help the rest of the world out.”

“I gave up on Europe helping us years ago,” Sen. Roger Marshall (R-KS) told reporters at the U.S. Capitol on Thursday.

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'Death is imminent': MAGA-voting Joe Rogan 'spooked' by this Trump fact

Podcaster Joe Rogan this week described how President Donald Trump's upcoming 80th birthday — making him the oldest American president to date — has revealed something else about him.

Rogan, who voted for Trump, was talking to British political commentator Konstantin Kisin on Wednesday for his podcast "The Joe Rogan Experience" and asked if the now slain Iranian Supreme Leader Ayatollah Ali Khamenei would potentially see the president and say 'let's f--- with that guy," The Hill reported.

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Reporter reaches dramatic conclusion based on new Iran leader's comments: 'He's injured'

Iran’s new supreme leader issued his first message Thursday through Iranian state media and did not appear on camera or read the statement — a move that reveals he was wounded, a CNN correspondent said.

CNN international reporter Nick Paton Walsh signaled that Mojtaba Khamenei, the son of the slain Ayatollah Ali Khamenei, could be seriously injured as a result of the U.S.-Israeli strikes that killed his father and left several of his other family members dead.

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Expert unnerved by Pentagon shakiness as war 'shifting' in Iran's favor: 'It's shocking'

During a discussion on Iran’s leadership going on the offensive with new threats after being attacked by the United States, MS NOW analyst David Rohde explained that Iran has a strategy and the strategy is working because Pete Hegseth’s Pentagon has been shown to be unprepared.

With US military officials conceding that they cannot protect oil tankers attempting to pass through the Strait of Hormuz, Rohde claimed the war-torn country, for the moment, has the upper hand.

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Trump official's new 'very telling' admission 'would be significantly catastrophic': CNN

Secretary of Energy Chris Wright on Thursday didn't confirm or deny whether oil would hit $200 a barrel as gas prices continue to surge and the conflict in Iran has escalated to a global economic crisis.

CNN International host Becky Anderson spoke with anchor and correspondent Eleni Giokos about how the U.S.-Israeli strikes in Iran have prompted Iran to block the Strait of Hormuz and strike back at the international oil market. Iran has signaled that it aims to spike oil prices to $200 a barrel.

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Trump loses hope in peace award after Iran war: 'I don't talk about the Nobel Prize'

President Donald Trump claims to have lost interest in winning a Nobel Peace Prize following the war he started with Iran.

In a Thursday interview with the Washington Examiner, Trump seemed to have cast aside his hopes for the peace prize, saying he had "no idea" if the war in Iran would "get him over the line" with the Nobel Committee.

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'Psychotic': White House melts down after CNN airs Iran leader's first message

The White House's "Rapid Response" team quickly went to work attacking CNN after the network broadcast the first public message from new Iranian Supreme Leader Mojtaba Khamenei.

The White House included a clip from CNN with part of the Iranian message in its attack.

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Oil price catastrophe will take far longer to recover from than first thought: expert

The catastrophic rise in oil prices as a result of the war with Iran will last far longer than experts had first expected, a political analyst has warned.

Elizabeth Saunders has suggested that the closure of the Strait of Hormuz will lead to a price hike on oil that will stick around for much longer than experts had first suggested. Speaking to Greg Sargent of The New Republic, Saunders claimed the longer-term struggles of the oil price hike would be felt in the US for some time yet.

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'It's a concern': Iran getting under Trump's skin by derailing his war plans

Trump is seething over Iran's exploitation of one of his biggest political vulnerabilities as soaring oil prices threaten to undermine his ability to declare victory in the war and devastate his economic messaging ahead of midterms.

While the president attempts to put on a happy face over the military successes in Operation Epic Fury, Iran's deliberate disruption of energy markets has become an acute political headache. The regime is weaponizing oil prices—Trump's most visible economic liability—as a strategic response to the military campaign.

According to Axios, Trump administration officials warn that the conflict could extend indefinitely if Iran successfully throttles the Strait of Hormuz and drives prices beyond Trump's tolerance threshold. "The Iranians f------ around with the Strait makes him more dug in," a senior administration official told Axios, describing a vicious cycle where energy market manipulation only hardens Trump's commitment to prolonging the conflict.

RELATED: Iran is scheming to 'freak Trump out' by going after his 'soft underbelly': expert

Oil has already become Trump's obsession, consuming as much of his attention as battlefield intelligence. A Trump adviser acknowledged the internal tension: "The president sees the briefings. He sees the numbers. And he feels good about his decision, militarily. Oil is another matter. No one is panicking, but it's a concern. He's pulling out the stops. There's plenty of oil. It's just getting it on the market that's the thing."

Trump's preferred price point is $50 per barrel. The oil industry targets around $60. Despite Trump's intervention, crude topped $100 Wednesday night after spiking as high as $120 earlier in the week.

Iran has threatened to push prices to $200 per barrel—a move that would translate to approximately $5 per gallon at U.S. pumps, according to analysts.

Domestically, the war is deeply unpopular. Trump's personal approval ratings are at historic lows, and gas prices—once his signature economic achievement—have become his most visible political liability heading into critical midterm elections.

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'We make a lot of money': Trump tries to convince people that high oil prices are good

Two weeks into the war with Iran, President Donald Trump said that he had concluded that high oil prices benefit America.

"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money," the U.S. President wrote in a Truth Social post on Thursday. "BUT, of far greater interest and importance to me, as President, is stoping [sic] an evil Empire, Iran, from having Nuclear Weapons, and destroying the Middle East and, indeed, the World. "

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Trump Energy secretary stumbles over his words when confronted by CNN host about Iran

President Donald Trump's energy secretary stumbled over his words when CNN's Kate Bolduan challenged him on global oil disruptions caused by the war in Iran.

Oil tankers are unable to pass through the crucial Strait of Hormuz due to the threat of Iranian drones, missiles and mines, and the price of oil has surged past $100 a barrel, but Energy Secretary Chris Wright insisted on "CNN News Central" that Americans should be willing to shoulder the burden of higher gas costs.

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