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Oil Prices Jump After U.S. and Iran Trade Strikes

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“Oil prices spiked on Wednesday to the highest level in weeks after President Trump said that he thought the cease-fire with Iran was ‘over’ amid a series of strikes in the Persian Gulf,” the New York Times reports.

“The Trump administration also revoked a waiver that allowed Iran to sell oil in retaliation for attacks on tankers this week in the Strait of Hormuz, a crucial conduit for the world’s energy.”

NewsNation: Oil prices jump 5 percent after U.S. revokes Iran oil sanctions waiver.

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About Political Wire

Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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