What, Me Worry?
While the Trump administration seems blase about soaring oil prices, we are in the midst of the worst energy crisis in 40 years. See Our View and the March 9 Notes at the Margin for more on this.
The Diesel Crisis (March 9, 2026) -- By shutting the Strait of Hormuz, Iran has cut the exports of distillate-rich Middle Eastern crude, jet fuel, and diesel. More >>