Senate Minority Leader Chuck Schumer urged Donald Trump to release oil from the Strategic Petroleum Reserve as prices hit one hundred eleven dollars per barrel.The USA offered twenty billion dollars in maritime reinsurance and weighed lifting Russian oil sanctions while providing military protection for tankers in the Strait of Hormuz.This economic volatility follows the appointment of Mojtaba Khamenei as Iran's Supreme Leader despite ongoing military strikes by Israel.Analysts from
Moody's warned that prolonged energy disruption could force central banks to raise interest rates to combat rising global inflation.