By Julianne Geiger - Apr 07, 2026, 8:11 AM CDT

WTI crude surged to $115.8 per barrel—its highest level since April 2008—as President Donald Trump warned that “a whole civilization will die tonight,” while strikes were reported on Iran’s Kharg Island, the hub for roughly 90% of the country’s oil exports.

The US President added that tonight will be “one of the most important moments in the long and complex history of the World,” as President Trump’s deadline quickly approaches.

https://oilprice.com/Latest-Energy-News/World-News/WTI-Crude-Oil-Hits-115-as-Strikes-Target-Irans-Kharg-Island.html

Right now it's reached $116.8. 2 months ago it was $63.55

29 minutes ago, Alan Zweibel said:

WTI crude surged to $115.8 per barrel—its highest level since April 2008

Looks like we will see $120 before the end of the day.

Usually, WTI, being from the US, actually trades at a discount to Brent Crude. Because of the present situation, it actually commands a premium. This phenomenon is called "backwardation".

I love living in canada right now. Stocks on sale, real estate on sale and a country with some of the highest oil reserves on the planet!

Yeee haw!!!!

16 minutes ago, Celsius said:

I love living in canada right now. Stocks on sale, real estate on sale and a country with some of the highest oil reserves on the planet!

Yeee haw!!!!

And some of the highest gas/fuel prices on the planet. Not sure why you would love that

38 minutes ago, CallumWK said:

And some of the highest gas/fuel prices on the planet. Not sure why you would love that

Don't drive. Zero cucks given

1 minute ago, Celsius said:

Don't drive. Zero cucks given

You don't need to drive to feel the effects of the high fuel prices, because everything you use will have been transported somehow

4 minutes ago, CallumWK said:

You don't need to drive to feel the effects of the high fuel prices, because everything you use will have been transported somehow

I am aware. If it comes to that Thailand will suffer a lot more.

4 minutes ago, Celsius said:

Don't drive. Zero cucks given

1 minute ago, CallumWK said:

You don't need to drive to feel the effects of the high fuel prices, because everything you use will have been transported somehow

Or maybe he could get around by using the same means of transportation that this high official in the Trump administration uses:

Top US Fema official claims to have teleported to a Waffle House before

A far-right conspiracy theorist turned high-ranking official at the US Federal Emergency Management Agency (Fema) claims to have once teleported to a Waffle House.

Gregg Phillips, who in December was appointed to lead Fema’s office of response and recovery, has spoken on “multiple podcasts” about being teleported against his will, CNN reported on Friday.

On a January 2025 podcast appearance, Phillips claimed that his car was “lifted up” while he was driving and transported 40 miles (65km) away into a ditch near a church. And in another instance on the same episode, Phillips said he was teleported 50 miles away to a Waffle House in Rome, Georgia, CNN detailed in a deep dive into Phillips’ past public statements.

https://www.theguardian.com/us-news/2026/mar/20/fema-gregg-phillips-waffle-house

On SNL Colin Jost said that another name for this means of transportation is drunk driving. Typical left wing cynic.