Political Wire

SubscribeSign in
  • Front Page
  • Trending News
  • Polling Dashboard
  • Trial Balloon
  • Membership
    • Subscribe
    • Sign In
  • Sign In
  • Contact Us
Theme
Text size

Oil Tops $100 a Barrel

March 12, 2026 · 5:31 am ET · Leave a Comment

“The global price of oil rose above $100 a barrel on Thursday, even after a group of more than 30 countries pledged to tap their reserves to stabilize markets,” the New York Times reports.

“The spike reflected fears that the growing war in the Middle East could cripple a major part of the world’s oil and gas supply for an extended period.”

CNBC: “Strategists said oil prices were trading higher because there appears to be no end in sight to oil supply disruptions through the Strait of Hormuz.”

Axios: Trump faces limited gas-price options on Iran.

Energy

← PreviousWill a Trump Backlash Knock Off Salazar?Next →War Against Iran Expands Into Lebanon

Latest on Political Wire

  • 11:45 amMike Johnson Voices Uncertainty About His Future
  • 11:43 amAre Midterm Polls Underestimating Republicans?
  • 11:42 amChief of Staff’s Daughter in Lobbying Conflict

Front page →

Political Wire is reader-supported. Join for ad-free reading, member posts and new features →

Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

More about Taegan Goddard →

?Political Trivia

  • The Way It Was
    Eight moments in political history. Put them on a timeline.
    Play →
  • Yea or Nay?
    Five senators. Three bills. Can you guess how they all voted?
    Play →
  • Split Decision
    Nine Justices. One case. How did they rule?
    Play →
  • Pollster
    Do you have your finger on the pulse of America?
    Play →
  • Daily Trivia
    Four questions a day.
    Play →

A new game every day.

Your Account

Members

For the full experience, sign in.

Become a Member

  • Join Political Wire
  • Gift a Membership

Members Only

  • The Senate Map Has Turned Upside Down
  • Another Trouble Sign for Republicans
  • Another Brutal Warning Sign for Republicans
  • Who’s Running Ken Paxton’s Campaign?
  • The Battleground Is Getting Much Bigger

?Political Trivia

  • The Way It Was →
  • Yea or Nay? →
  • Split Decision →
  • Pollster →
  • Daily Trivia →

Word of the Day Political Dictionary

Inside Baseball

The term “inside baseball” refers to any subject matter which is considered too highly specialized to be appreciated by the general public.

Read the definition →

Yesterday’s Word of the Day: True Believer

Show me a random term

Copyright © 2026 · Goddard Media LLC

Political Wire® is a registered trademark of Goddard Media LLC

Also from Goddard Media: Political Dictionary · Political Job Hunt · Electoral Vote Map

Privacy PolicyCorrections PolicyContact