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RAGE GUY (RAGE) is a cryptocurrency inspired by the Rage Guy meme, one of the earliest and most recognizable characters from internet rage comics. The project captures the cultural legacy of early meme history and brings it onto the blockchain in tokenized form. It is designed as a community-driven digital asset that celebrates internet culture, nostalgia, and the role memes play in shaping online communities.

Rage Guy

The RAGE community is driving momentum for their token by positioning it as a nostalgic, culture-defining meme that honors early 2000s internet history. Holders are actively engaged in daily "bag working" and comic creation through their restored web platforms, emphasizing conviction in the project's long-term growth as an OG alternative to newer, forced meme coins.

$4CHAN is a meme token on the Ethereum Network.   4ChanToken represents a global crypto community that pays homage to the memetic powerhouses of the internet as Pepe, Doge, Shib and all major memes inventor combining them all into one super meme token that is $4CHAN. At its core, 4ChanToken embodies the untamed spirit of the notorious 4chan imageboard, where iconic memes are born, nurtured, and unleashed upon the world. With an unyielding spirit of irreverence and a touch of mischief, $4CHAN has emerged as the darling of meme enthusiasts, internet dwellers, and crypto aficionados alike.   The foundation of 4ChanToken lies in its community. We’ve harnessed the chaotic energy of this digital realm to create a currency that celebrates the power of memetic expression, empowering users to engage in a truly unique and decentralized economy. As a passionate supporter, you’ll join a vibrant ecosystem where dank memes and viral sensations are the lifeblood of commerce. 4ChanToken is more than just a digital currency – it’s the place where memes are born.  The ultimate playground for memelords and crypto degens. Based on the simplicity of holdrs/volume operating a store of value.  The identification of this value is best described as 'digital gold'. That $4chan can ultimately represent a superior store of value relative to all other forms of memecoins by embodying all memes in one token as the factual birthplace of all popular memes.

4Chan

4CHAN continues to trend as a 'meme factory' index, with community members framing it as the foundational 'source code' for internet culture and the primary hedge against broader market volatility. Investors are actively discussing the accumulation of quad-trillion holdings to capitalize on potential price appreciation while debating the project's long-term utility versus its speculative nature.

The TROLL token on the Solana network is a meme coin inspired by internet trolling culture, designed for entertainment and community engagement with no intrinsic value. Built on Solana’s blockchain, it leverages the network’s fast transactions and low fees to appeal to meme enthusiasts. Launched on decentralized exchanges, TROLL aims to foster a fun, community-driven ecosystem through social media, influencer partnerships, and viral marketing, embodying the playful spirit of online trolling.

Troll

Troll (TROLL) is trending as the community highlights its status as an 'OG' meme coin rooted in classic internet culture, with many holders advocating for it as a long-term hold alongside other community-driven projects. Investors are actively discussing potential upside based on its historical performance and its role as a representative of nostalgic web culture.

Hedera is a decentralized public network where developers can build secure, fair applications with near real-time consensus. The platform is owned and governed by a council of global innovators including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.   The Hedera Consensus Service (HCS) acts as a trust layer for any application or permissioned network and allows for the creation of an immutable and verifiable log of messages. Application messages are submitted to the Hedera network for consensus, given a trusted timestamp, and fairly ordered. Use HCS to track assets across a supply chain, create auditable logs of events in an advertising platform, or even use it as a decentralized ordering service.

Hedera Hashgraph

Hedera Hashgraph (HBAR) is currently trending as investors discuss its strong enterprise partnerships, such as the recent FedEx collaboration, and speculate on the impact of upcoming US regulatory clarity via the Clarity Act. The community remains divided between long-term holders highlighting HBAR's thermodynamic efficiency and institutional utility, and traders frustrated by ongoing price consolidation and historical token dilution.

Kodiak Sciences, Inc. is a clinical-stage biopharmaceutical company, which engages in the research, development, and commercialization of therapeutics for retinal diseases. Its product pipeline includes KSI-301 for wet AMD, KSI-301 for diabetic eye disease, KSI-501 for DME and uveitis, KSI-201 for resistant wet AMD, and KSI-401 for dry AMD. The company was founded by Stephen A. Charles and Victor Perlroth in 2009 and is headquartered in Palo Alto, CA.

Kodiak Sciences Inc

Kodiak Sciences is trending as investors aggressively accumulate shares ahead of a series of pivotal Phase 3 data readouts expected throughout 2026, which the community views as a potential make-or-break moment for the company's retinal disease pipeline. While the stock has seen significant volatility, sentiment is currently driven by institutional interest and bullish technical setups, with many participants actively debating whether the company's recent pipeline de-risking and cash runway are sufficient to fuel a long-term recovery to previous valuation levels.

iShares Trust - iShares 0-3 Month Treasury Bond ETF

iShares 0-3 Month Treasury Bond ETF

Investors are increasingly flocking to SGOV as a safe-haven parking spot for cash, driven by its stability and monthly dividend payouts amid ongoing concerns regarding market volatility and economic uncertainty. The community views the ETF as a defensive alternative to equities, frequently discussing it as a low-risk strategy to protect capital while waiting for clearer market signals or potential corrections.

Palo Alto Networks, Inc. engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: the United States, Israel, and Other Countries. The company was founded by Nir Zuk in March 2005 and is headquartered in Santa Clara, CA.

Palo Alto Networks Inc

Palo Alto Networks ($PANW) is facing intense selling pressure as investors react to a weaker profit outlook despite solid revenue performance, fueling broader market concerns about AI's potential to disrupt traditional cybersecurity business models. The community is deeply divided between long-term holders viewing the pullback as a prime accumulation opportunity for an essential platform player and skeptics who are bracing for further downside amid integration costs and valuation concerns.

Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Services, Markets, Banking, Wealth, U.S. Personal Banking (USPB), and All Other. The Services segment includes Treasury and Trade Solutions (TTS) which provides an integrated suite of tailored cash management, trade, and working capital solutions to multinational corporations, financial institutions and public sector organizations, and Securities Services, which offers cross-border support for clients, providing on-the-ground local market expertise, post-trade technologies, customized data solutions, and a wide range of securities services solutions that can be tailored to meet client needs. The Markets segment provides corporate, institutional, and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products, and commodities. The Banking segment offers Investment Banking and Corporate Lending services. The Wealth segment includes Private Bank, Wealth at Work, and Citigold and provides financial services to a range of client segments through banking, lending, mortgages, investment, custody, and trust product offerings. The USPB segment includes Branded Cards and Retail Services, which have proprietary card portfolios and co-branded card portfolios within Branded Cards, and co-brand and private label relationships within Retail Services. The All Other segment consists of activities not assigned to the reportable operating segments, including certain unallocated costs of global functions, other corporate expenses, and net treasury results. The company was founded in 1812 and is headquartered in New York, NY.

Citigroup Inc

Citigroup is currently in the spotlight as investors react to a significant reversal in regulatory capital requirements, which are now expected to be less stringent than previously proposed. This development has triggered active community discussion regarding the bank's long-term capital allocation, potential for increased shareholder returns, and the broader implications for the banking sector's profitability.

Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. It operates through the following segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment represents contract drilling, directional drilling, oilfield technology, and electrical controls and automation businesses. The Completion Services segment offers hydraulic fracturing, wireline and pumping, completion support, cementing, and pressure pumping business. The Drilling Products segment focuses on manufacturing and distribution of drill bits business. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

Patterson-UTI Energy Inc

Patterson-UTI Energy is trending as investors monitor ongoing supply and demand dynamics in the U.S. oil patch, with the community actively debating the company's growth potential amid geopolitical volatility and broader energy sector consolidation.

Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment provides banking and credit products across industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment is composed of corporate banking, investment banking, treasury management, commercial real estate lending and servicing, and equity and fixed income solutions, as well as sales, trading, and research capabilities. The Wealth and Investment Management segment refers to personalized wealth management, brokerage, financial planning, lending, private banking, trust, and fiduciary products and services. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Wells Fargo & Co.

Wells Fargo is trending following a strong quarterly earnings report that beat profit expectations, driven by solid fee income and broad-based growth across its consumer and commercial divisions. Investors are particularly focused on the bank's increased medium-term profitability targets and the ongoing operational momentum now that the long-standing regulatory asset cap has been removed.

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<ul class="summary-bullets"><li>The IEA said the Iran war has triggered the largest oil supply disruption on record and outlined additional steps for governments, businesses, and households to help limit the impact.</li><li>The agency said that encouraging a shift from private cars to public transport, along with measures such as alternating access for private vehicles in major cities, can help reduce congestion and lower fuel consumption.</li><li>Meanwhile, the Trump administration is considering plans to either take over or blockade Iran’s Kharg Island, according to a report by Axios.</li></ul>The International Energy Agency (IEA) has issued a slew of recommendations to help people cope with rising crude oil prices as the war in Iran enters its 21st day.The IEA said the Iran war has triggered the largest oil supply disruption in history, and while some steps have already been taken to ease demand pressures, it outlined additional actions for governments, businesses, and households to help mitigate the impact.“In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe,” said IEA Executive Director Fatih Birol.WTI crude futures expiring in May have gained around 42% since the Iran war began in February, while Brent crude futures expiring in the same month have soared about 48%.<h2 class="st-heading-2">IEA’s Top Recommendations To Deal With Oil Price Shock</h2>Some of the top recommendations outlined by the IEA include working from home to reduce commuting-related demand for petrol and diesel. The agency has also suggested that reducing speed by 10 kilometers per hour on the highway will cut fuel use across both passenger and freight segments.It said that encouraging a shift from private cars to public transport, along with measures such as alternating access for private vehicles in major cities, can help reduce congestion and lower fuel consumption.The IEA has also recommended reducing air travel, increasing carpooling, and shifting LPG use from transport to cooking as additional measures to ease demand for crude oil.“While the demand-side measures highlighted in the report cannot match the scale of disrupted supply, they can play a meaningful role in lowering costs for consumers, reducing market strains and preserving fuels for essential uses until normal flows resume,” the agency said.This comes amid a continued rise in crude oil prices. U.S. West Texas Intermediate (WTI) crude futures maturing in May rose nearly 1% to more than $96 a barrel. Brent crude futures expiring in May gained over 2% to hover around $111 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) was up nearly 1% at the time of writing, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) gained about 2%.<h2 class="st-heading-2">Trump Mulls Taking Over Or Blockading Iran’s Kharg Island</h2>Meanwhile, the Trump administration is considering plans to either take over or blockade Iran’s Kharg Island, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.axios.com/2026/03/20/iran-invasion-kharg-island-strait-hormuz">report</a> by Axios.This is part of the Trump administration’s plans to pressure Iran to reopen the Strait of Hormuz, through which nearly a fifth of the world’s oil supply passes.“We can knock out their oil in Kharg Island. The only thing we didn’t take down was the oil, because if we knock out, I call them the pipes, very complex, but if you do that, it will take them forever to rebuild,” President Donald Trump said on Tuesday, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.politico.com/news/2026/03/19/why-targeting-kharg-island-could-backfire-on-trump-00834972">report</a> by Politico.Meanwhile, U.S. equities declined in Friday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.35%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.48%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) fell 0.24%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/novo-nordisk-wegovy-hd-7-2-mg-approved-by-fda/cZ3aFJgRIhX">Novo Nordisk Receives FDA Approval For Higher Dose Of Its Weight-Loss Drug Wegovy</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The West Texas Intermediate (WTI)-grade of crude oil spiked over 2% in overnight trading on Sunday. 

As Oil Prices Surge Amid Iran War, IEA’s Advice Is Simple — Work From Home, Ease Off The Pedal, Skip That Flight

WTI crude futures expiring in May have gained around 42% since the Iran war began in late February, while Brent crude futures expiring in May have soared about 48%.

Equity

<ul class="summary-bullets"><li>The Treasury Secretary stated that the U.S. could do another release of its Strategic Petroleum Reserves to keep a lid on crude oil prices.</li><li>He also denied that the U.S. Treasury would intervene in the oil futures market.</li><li>Bessent also added that he expects a global coalition to eventually escort ships through the Strait of Hormuz, pointing to NATO allies and others in Asia.</li></ul>Treasury Secretary Scott Bessent reportedly stated on Thursday that the United States will use Iranian crude oil barrels against the country to tame rising crude oil prices.During an interview with Fox Business, Bessent stated that Iran currently has about 140 million barrels of crude oil loaded on ships on the seas.“In the coming days, we may unsanction the Iranian oil that’s on the water. We will be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days as we continue this campaign,” he said during the interview.Bessent’s remarks come amid a continued rise in crude oil prices. U.S. West Texas Intermediate (WTI) crude futures maturing in May were up more than 1%, hovering around $96 a barrel at the time of writing. Brent crude futures expiring in May gained about 3% to hover around $111 a barrel, after inching close to the 52-week high of $119.5 per barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) fell about 2%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was down by nearly 1% at the time of writing.<h2 class="st-heading-2">US Could Do Another SPR Release, Says Bessent</h2>The Treasury Secretary stated that the U.S. could do another release of its Strategic Petroleum Reserves to keep a lid on crude oil prices. He also denied that the U.S. Treasury would intervene in the oil futures market.Bessent stated that following the release of 400 million barrels of crude oil from strategic reserves in coordination with the International Energy Agency (IEA) last week, other countries could do additional releases.<h2 class="st-heading-2">Bessent Expects Global Coalition For Strait Of Hormuz Escorts</h2>Bessent also added that he expects a global coalition to eventually escort ships through the Strait of Hormuz, pointing to NATO allies and others in Asia. “It would be very disappointing for those who benefit the most not to do something,” he added.The Treasury Secretary also stated that the U.S. is not attacking Iran’s energy infrastructure on the Kharg island, while only undertaking precision strikes against military targets in the area.Meanwhile, U.S. equities declined in Thursday morning’s trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.4%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.47%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 0.58%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/csiq-stock-declines-canadian-solar-misses-q4-estimates-prolonged-downturn/cZ3akNxRIhd">Canadian Solar Pins Q4 Miss On Prolonged Downturn In The Sector, Regulatory Headwinds — CSIQ Stock Tumbles Over 20% Pre-Market</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 US Treasury Secretary Scott Bessent visits "Kudlow" at Fox Business Network Studios on August 12, 2025, in New York City. 

Bessent Says US May 'Unsanction' Iran Oil On The Water To Tame Crude Oil Prices: Report

The Treasury Secretary’s remarks come amid surging crude oil prices, with Brent crude futures inching close to the 52-week high of $119.5 per barrel.

<ul class="summary-bullets"><li>An adviser to the new Supreme Leader of Iran stated that a new regime will be put in place following the end of the war, according to the report.</li><li>The adviser stated that this will allow the Iranian regime to apply maritime restrictions on countries that sanctioned it.</li><li>Analysts at ING Think stated in a note on Thursday that the risks to energy markets from the Iran war are no longer limited to the Strait of Hormuz.</li></ul>Iran is reportedly considering charging a toll for ships transiting through the Strait of Hormuz in a bid to monetize the crucial waterway.According to a Reuters&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/world/middle-east/iran-considers-levying-transit-fees-ships-hormuz-strait-lawmaker-says-2026-03-19/">report</a>, an Iranian lawmaker stated that the country’s parliament was considering charging tolls and taxes to countries using the Strait of Hormuz for shipping, energy ‌transit ⁠and food supplies. Nearly a fifth of the global crude oil supply flows through the strait.This comes amid a continued rise in crude oil prices. U.S. West Texas Intermediate (WTI) crude futures maturing in May were up more than 1%, hovering around $97 a barrel at the time of writing. Brent crude futures expiring in May surged about 5% to hover around $113 a barrel, after inching close to the 52-week high of $119.5 per barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) and the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) were down by about 1% at the time of writing.<h2 class="st-heading-2">New Regime For Strait Of Hormuz After War, Says Adviser</h2>According to the report, an adviser to the new Supreme Leader of Iran stated that a new regime will be put in place following the end of the war.The adviser stated that this will allow the Iranian regime to apply maritime restrictions on countries that sanctioned it. This includes the U.S., which first placed sanctions on Iran in 1979 before lifting them subsequently."So far, the domination-seeking powers would sanction and limit us. But, at the end of current imposed war, with drawing a new regime for the Strait of Hormuz, Iran will turn its position from a sanctioned country to an enhanced power in the region and the world,” said Mohammad Mokhber, member of the Iranian Expediency Council, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://en.mehrnews.com/news/242750/Iran-to-draw-ban-regime-for-Strait-of-Hormuz-after-war">report</a> by the Mehr News Agency.President Donald Trump reimposed restrictions in 2018, which were subsequently ramped up over the years. The U.K., Australia, and the United Nations have also imposed sanctions on the Middle Eastern country.<h2 class="st-heading-2">Looking Beyond The Strait</h2>Analysts at ING Think stated in a note on Thursday that the risks to the energy markets due to the Iran war are no longer limited to just the status of the Strait of Hormuz.“Damage to the LNG facilities means that the troubles for global gas markets aren't just about when flows through the Strait of Hormuz resume, but how long repair work at the sites might take,” the firm stated, following the Israeli attack on Iran’s South Pars gas field.ING Think analysts added that even if the LNG facilities on the field are untouched, there would be a higher risk premium to consider going forward.Meanwhile, U.S. equities declined in Thursday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.71%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.9%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.47%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tesla-fsd-probe-nhtsa-3-2-million-vehicles-over-fsd-degradation/cZ3aLptRIWv">Tesla FSD Probe Expands To Millions Of Vehicles: Here’s What The NHTSA Is Investigating</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A MarineTraffic map showing ship movements in the Strait of Hormuz. Taken in Brussels, Belgium, on March 15, 2026. (Photo by Jonathan Raa/NurPhoto via Getty Images)

Iran Reportedly Mulls Transit Fees In Strait Of Hormuz, Targeting A Fifth Of Global Energy Flow As Crude Oil Surges

Brent crude futures expiring in May surged about 5% to hover around $113 a barrel, after inching close to the 52-week high of $119.5 per barrel.

<ul class="summary-bullets"><li>White House Press Secretary Karoline Leavitt stated that the waiver is aimed at mitigating short-term disruptions to the oil market amid the ongoing war in Iran.</li><li>She added that the waiver will allow commodities like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for 60 days.</li><li>The Merchant Marine Act of 1920, commonly called the Jones Act, is a U.S. federal law that regulates maritime commerce within the United States.</li></ul>The Trump administration on Wednesday issued a temporary 60-day waiver for the Jones Act as crude oil prices continue to rise amid the Iran war.The&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-suspend-jones-act-crude-oil-breaches-100-per-barrel-again/cZduJuhRI98">Jones Act waiver</a> has been issued to lower the cost of transporting oil, gas, and other commodities.“President Trump’s decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury,” White House Press Secretary Karoline Leavitt stated in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PressSec/status/2034267144477614178">post</a> on X.She added that the waiver will allow commodities like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for 60 days.<figure class="image"><img src="https://news.stocktwits-cdn.com/Leavitt_post_jpg_8bb5ae935f.webp" alt="Karoline Leavitt's post on X" width="585" height="419"><figcaption>Karoline Leavitt's post on X | @PressSec/X</figcaption></figure><h2 class="st-heading-2">What Is The Jones Act?</h2>The Merchant Marine Act of 1920, commonly called the Jones Act, is a U.S. federal law that regulates maritime commerce within the United States. It is named after its sponsor, Senator Wesley Jones.According to Section 27 of the Jones Act, goods transported between two ports in the country must be carried on ships that are built in the United States, owned by U.S. citizens or U.S. companies, registered under the U.S. flag, and crewed primarily by U.S. citizens or permanent residents.Waiving the Jones Act would allow foreign ships to carry fuel between U.S. ports, potentially increasing delivery speeds while lowering costs.This comes at a time when crude oil prices have continued to gain after crossing the $100-per-barrel mark.U.S. West Texas Intermediate (WTI) crude futures maturing in May gained nearly 2% per barrel to hover around $97 a barrel. Brent crude futures expiring in May surged nearly 5% to $109 per barrel, gaining nearly 19% over the past week.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) gained nearly 2%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was up about 4% at the time of writing.<h2 class="st-heading-2">Trump Voices Frustration With Allies On Strait Of Hormuz</h2>President Donald Trump voiced his frustration with U.S. allies over their reluctance to help with the reopening of the Strait of Hormuz amid the ongoing Iran war.President Donald Trump on Wednesday said he wonders what would happen if the U.S. let the countries using the Strait of Hormuz be responsible for it.“I wonder what would happen if we ‘finished off’ what’s left of the Iranian Terror State, and let the Countries that use it, we don’t, be responsible for the so called ‘Strait?’ That would get some of our non-responsive ‘Allies’ in gear, and fast!!!,” he said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/">post</a> on Truth Social.<figure class="image"><img src="https://news.stocktwits-cdn.com/Trump_post_jpg_71a23f4206.webp" alt="President Donald Trump's post on Truth Social" width="573" height="218"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure>This came a day after the president stated in another&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116245182325726375">post</a> on Truth Social that the U.S. does not need allies to reopen the Strait of Hormuz.“Speaking as President of the United States of America, by far the Most Powerful Country Anywhere in the World, WE DO NOT NEED THE HELP OF ANYONE!” he said.Meanwhile, U.S. equities declined in Wednesday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.62%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.54%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 1.01%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-trade-deficit-china-down-30-past-year-jamieson-greer/cZ37Q0wRIgZ">US Trade Deficit With China Down 30% Over Past Year, Jamieson Greer Reportedly Says: ‘It Would Be Very Helpful If…’</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 U.S. President Donald Trump participates in a meeting with fellow G7 leaders during a meeting at the G7 Leaders' Summit on June 16, 2025 in Kananaskis, Alberta. 

Trump Administration Reportedly Issues Jones Act Waiver As Crude Oil Continues To Soar

Brent crude futures expiring in May surged nearly 6% to rise to $110 per barrel, gaining nearly 19% over the past week.

<ul class="summary-bullets"><li>The $50 billion in supplemental funding would be used to replace the weapons used in recent conflicts, including the one in the Middle East.</li><li>Expenses in the ongoing Iran war have crossed $11 billion in the first week, according to a Reuters report citing people familiar with the matter.</li><li>Senator Elizabeth Warren said the $50 billion being sought for the Iran war could fund ACA tax credits for a year and still leave $20 billion remaining.</li></ul>Economist Peter Schiff on Tuesday warned that the debt risk is a greater threat than Iran amid reports that President Donald Trump may seek $50 billion to replenish the weapons stockpile of the U.S.“If Trump is serious about short-term pain for long-term gain, he should ask for $50B in other spending cuts or tax hikes to pay for it,” Schiff said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff/status/2033890405456978368">post</a> on X.<figure class="image"><img src="https://news.stocktwits-cdn.com/Schiff_post_jpg_9e9ef88236.webp" alt="Peter Schiff's post on X" width="585" height="202"><figcaption>Peter Schiff's post on X | @PeterSchiff/X</figcaption></figure>Schiff’s warning comes amid a Reuters&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/business/aerospace-defense/defense-executives-plan-meet-white-house-strikes-iran-diminish-stockpiles-2026-03-04/">report</a> that the Pentagon is working on a supplemental budget request of nearly $50 billion. These funds would be used to replace the weapons used in recent conflicts, including the one in the Middle East.<h2 class="st-heading-2">Iran War Expenses Cross $11B, Senator Warren Warns Of Spiraling Costs</h2>Expenses in the ongoing Iran war have crossed $11 billion in the first week, according to a Reuters&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/world/us/trump-administration-estimates-iran-war-cost-over-11-billion-six-days-source-2026-03-11/">report</a> citing people familiar with the matter.The $11 billion cost estimate does not include the complete cost of the war, but it comes amid a lack of public disclosure from the Trump administration.Meanwhile, Senator Elizabeth Warren last week warned that the Iran war costs are spiralling.“Now, this war is costing American lives and a lot of money. Money that could instead be spent lowering costs like health care,” she said during a hearing of the Director of the Congressional Budget Office (CBO).She added that with the $50 billion that the Trump administration is seeking to fund the Iran war, it could extend the ACA’s enhanced premium tax credits by a year and still have $20 billion left over.“It seems to me that when we're talking about money here, that the way that we can save the most money would be to stop bombing Iran now, and just as a side benefit, we could also save a lot of lives,” Warren added.<h2 class="st-heading-2">US’ Current Debt</h2>According to data from the U.S. Department of the Treasury, the current national debt stands at $37.64 trillion. Adjusted for inflation, the U.S. national debt stood at $321 billion in 1929 and $14.85 trillion in 2008.In a conversation with Andrew Ross Sorkin in November 2025, Bridgewater Associates founder Ray Dalio&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/ray-dalio-warns-parallels-between-economic-bubbles-1929-2008-now-striking/cLPo0TVREBM">warned that</a> the parallels between the economic bubbles of 1929, 2008, and now are “striking.”“In 1929 and 2008, there was a lot of debt — but most of it was owned by the private sector. Today, the government sector has a lot of the debt,” he said.On Tuesday, U.S. West Texas Intermediate (WTI) crude futures maturing in May were up more than 2%, hovering around $94 a barrel. Brent crude futures expiring in May rose about 2% to hover around $102 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) gained nearly 2%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was up more than 3% at the time of writing.Meanwhile, U.S. equities gained in Tuesday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.63%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 0.7%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) gained 0.93%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/jeremy-siegel-market-10-correction-iran-war-rising-crude-oil-prices/cZ3EEiTRIXI">Wharton's Jeremy Siegel Warns Markets Could Face 10% Correction Risk Due To Iran War, Crude Oil Spike</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

 U.S. President Donald J. Trump sits at a table monitoring military operations during Operation Epic Fury against Iran. (Photo by The White House via X Account/Anadolu via Getty Images)

As Iran War Costs Mount, Peter Schiff Says America’s Biggest Enemy Is Debt – Even As Trump’s Pentagon Eyes $50B Funding

The economist said that if President Donald Trump is serious about short-term pain for long-term gain, he should ask for $50B in other spending cuts or tax hikes.

Peter Schiff Warns Debt Tops Iran Risk As Trump Pushes For $50B Funding

<ul class="summary-bullets"><li>Siegel explained that the core issue is not crude oil itself, but gasoline, which he said is the most visible price in the economy for consumers.</li><li>In the short term, the economist stated that he is more cautious because of the potential for higher crude oil prices and geopolitical uncertainty that are putting pressure on stocks.</li><li>Crude oil prices have soared since the beginning of the Iran war, with WTI crude surging more than 40%.</li></ul>Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School of Business, on Tuesday warned that the Iran war and rising crude oil prices could result in a correction in U.S. equities.“I could see the markets experiencing a 10% correction from the recent highs. We are not anticipating a major decline for the S&amp;P 500, but the mood has clearly changed,” he said, adding that the Iran war has added a new layer of uncertainty.<h2 class="st-heading-2">Crude Oil Prices Soar Since The Start Of Iran War</h2>Crude oil prices have soared since the beginning of the Iran war, with WTI crude surging more than 40%.On Tuesday, U.S. West Texas Intermediate (WTI) crude futures maturing in May were up more than 3%, hovering around $95 a barrel. Brent crude futures expiring in May rose more than 2% to hover around $103 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) gained nearly 3%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was up more than 4% at the time of writing.Siegel explained that the core issue is not crude oil itself. “It is gasoline, the most visible price in the economy for consumers, and when that price jumps it hits psychology immediately. That matters, even if the broader economic effect is more balanced than the headlines,” he added.<h2 class="st-heading-2">‘Sand In The Gears Of Global Economy’</h2>Siegel added that he is concerned about the accumulation of friction across the economy. He highlighted that travel is being rerouted, shipping continues to be at risk, and that the Strait of Hormuz is an “obvious” pressure point.“These disruptions put sand in the gears of the global economy. They do not necessarily end the expansion, but they can weigh on sentiment, delay activity, and create a generally sourer mood in markets,” he said.In the short term, Siegel stated that he is more cautious because of the potential for higher crude oil prices and geopolitical uncertainty that are putting pressure on stocks. He concluded that while equity markets are facing near-term shocks, the long-term foundation remains in place.Meanwhile, U.S. equities gained in Tuesday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.37%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 0.31%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) gained 0.34%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/iran-supreme-leader-khamenei-rejects-ceasefire-with-us-crude-oil-prices-rise/cZ3Ec2ARIQM">Iran's New Supreme Leader Reportedly Rejects Proposal For Ceasefire With US – Crude Oil Prices Rise Amid Growing Tensions</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

American and Iranian flags displayed on a phone screen are seen in this multiple exposure illustration photo.

Wharton's Jeremy Siegel Warns Markets Could Face 10% Correction Risk Due To Iran War, Crude Oil Spike

The economist said he is concerned about the accumulation of friction across the economy.

<ul class="summary-bullets"><li>Mojtaba Khamenei said that now was not the right time for peace with the U.S. and Israel until they accept defeat and pay compensation, according to the report.</li><li>Meanwhile, a report by the Tasnim News Agency citing an Iranian official stated that claims of Iran seeking talks with the U.S. are false.</li><li>The report also stated that Iranian Foreign Minister Abbas Araqchi dismissed reports of Iran requesting a ceasefire.</li></ul>Iran’s new Supreme Leader, Mojtaba Khamenei, on Tuesday reportedly rejected proposals for a ceasefire with the U.S. or reducing tensions with the country amid an intensifying conflict in the Middle East.According to a Reuters&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/world/middle-east/irans-new-supreme-leader-rejects-proposals-reducing-tensions-with-us-senior-2026-03-17/">report</a> citing a senior Iranian official, Khamenei had a “very tough and serious” stance on revenge against the U.S. and Israel as the Iran war entered its third week.Rising tensions sent crude oil prices rising on Tuesday. U.S. West Texas Intermediate (WTI) crude futures maturing in May were up more than 4%, hovering around $96 a barrel. Brent crude futures expiring in May surged nearly 3% to hover around $103 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) gained nearly 4%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was up about 6% at the time of writing.<h2 class="st-heading-2">Not The Right Time For Peace, Says Khamenei</h2>Khamenei said that now was not the right time for peace with the U.S. and Israel until they accept defeat and pay compensation, according to the report.Meanwhile, a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.tasnimnews.ir/en/news/2026/03/17/3542548/report-on-iran-seeking-to-communicate-with-us-pure-lie-source">report</a> by the Tasnim News Agency citing an Iranian official stated that claims of Iran seeking talks with the U.S. are false. The report also stated that Iranian Foreign Minister Abbas Araqchi dismissed reports of Iran requesting a ceasefire.<h2 class="st-heading-2">Israel Says Iran’s Security Chief Killed</h2>Israeli Defense Minister Israel Katz on Tuesday said that the Iranian security chief Ali Larijani had been killed, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/world/china/trump-criticises-allies-over-rejection-hormuz-request-iran-israel-trade-2026-03-17/">report</a> by Reuters.This comes amid a spate of attacks by the Iranian and Israeli sides, with the Israeli army stating that it has launched a “wave of extensive strikes” across Iran, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://aje.news/zt6qcd?update=4408621">report</a> by Al Jazeera.Iran, on the other hand, stated that it targeted Israel’s weapons manufacturing facilities and cyber-tech centers. The Middle Eastern country also stated that it has confiscated hundreds of Starlink devices made by Elon Musk-led SpaceX.Meanwhile, U.S. equities were mixed in Tuesday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.01%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.13%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.07%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/why-is-glsi-stock-rising-today-phase-iii-immunotherapy-breast-cancer-trial/cZ3ERK8RIQs">Why Is GLSI Stock Rising Today?</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Iran's new Supreme Leader Mojtaba Khamenei

Iran's New Supreme Leader Reportedly Rejects Proposal For Ceasefire With US – Crude Oil Prices Rise Amid Growing Tensions

According to a Reuters report citing a senior Iranian official, Khamenei had a “very tough and serious” stance on revenge against the U.S. and Israel as the Iran war entered its third week.

<ul class="summary-bullets"><li>Yardeni noted that even if the U.S. claims the war is over, Iran and Israel may not view it that way, with Iranians potentially continuing to cause disruptions in the Strait of Hormuz.</li><li>Goldman Sachs last week cited the ongoing war in Iran as it lowered its fourth-quarter U.S. economic growth forecast.</li><li>The firm warned that the surge in crude oil prices caused by disruptions to flows through the Strait of Hormuz has become the main channel of economic risk for the U.S.</li></ul>Economist Ed Yardeni, president of Yardeni Research, on Monday reportedly stated that the contrarian stock buying strategy, “Buy the Dip”, may not work amid the fog of war due to the Iran conflict.During an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-03-16/yardeni-turns-skeptical-of-trusted-contrarian-stocks-buy-signal">interview</a> with Bloomberg, Yardeni stated that, from a contrarian perspective, a declining sentiment increases the likelihood of a good buying opportunity ahead.“It’s worked very well for me in the past. It may not work now,” he said.<h2 class="st-heading-2">Why Is This Time Different?</h2>Explaining why this time may be different, Yardeni said past declines in investor sentiment were typically tied to weakening economic fundamentals, developments that often resulted in monetary or fiscal policy support.This time, however, the uncertainty stems from the Iran war, a geopolitical shock that policymakers have little ability to counter directly.“We’re talking about the fog of war, we’re not talking about something that US policymakers can respond to and turn around,” Yardeni added in the interview.The economist noted that even if the U.S. claims the war is over, Iran and Israel may not view it that way, with Iranians potentially continuing to cause disruptions in the Strait of Hormuz.<h2 class="st-heading-2">Goldman Trims US Economic Outlook</h2>Goldman Sachs last week cited the ongoing war in Iran as it&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/goldman-us-gdp-growth-cut-iran-war-recession-risk-25-over-12-months/cZdu4NURI9Z">lowered</a> its fourth-quarter U.S. economic growth forecast, now expecting GDP to rise 2.2% year-over-year, down from its earlier estimate of 2.5%. The firm warned that the surge in crude oil prices, driven by disruptions to flows through the Strait of Hormuz, has become the main channel of economic risk for the U.S.Goldman also sees a 25% risk of a recession over the next 12 months.Analysts at ING Think stated in a note on Monday that energy markets are having to continuously price in a more prolonged disruption to oil and gas flows through the Strait of Hormuz, with little sign of de-escalation or a resumption in oil and LNG flows through the chokepoint.“Escorting commercial vessels through the Strait of Hormuz would leave naval ships vulnerable to attack, and so the US may hold off from such action until it feels that Iran’s ability to launch attacks on vessels has been eroded,” the firm noted.Crude oil prices continue to hover above the $100 per barrel mark, despite cooling down on Monday. U.S. West Texas Intermediate (WTI) crude futures maturing in May are down 3%, hovering at $94.18 per barrel. Brent crude futures expiring in May declined 1% to hover around $101.89 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) fell 2%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was down about 1% at the time of writing.Meanwhile, U.S. equities gained in Monday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 1.12%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 1.19%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) gained 1.04%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/hcwb-stock-soars-positive-research-results-car-t-cell-therapy/cZ32USYRIfm">HCWB Stock Soars Pre-Market On Positive Research Results For CAR-T Cell Therapy</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The New York Stock Exchange stands on Wall Street in New York City

Yardeni Warns 'Buy The Dip' Strategy May Not Work Amid Fog Of War Due To Iran Conflict: Report

The economist highlighted that, unlike previous selloffs driven by economic cycles, this downturn risk is rooted in geopolitics, something policymakers may struggle to counter.

<ul class="summary-bullets"><li>Bessent also mentioned that the Iran war had cost the U.S. about $11 billion so far.</li><li>The comments from the Treasury Secretary come as crude oil prices have breached the $100-per-barrel mark amid the war with Iran.&nbsp;</li><li>Meanwhile, a report from Business Insider said that a former IMF economist had said that oil prices could rise further amidst the war, possibly surging to $200 a barrel amid compounding risks.</li></ul>U.S. Treasury Secretary Scott Bessent has reportedly said that the Navy will escort ships through the Strait of Hormuz “as soon as it is militarily possible.”According to a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://news.sky.com/story/us-navy-to-escort-oil-tankers-through-strait-of-hormuz-treasury-secretary-tells-sky-news-13518742">report</a> from Sky News, Bessent said in an interview on Thursday that the military escort would likely include an international coalition.“That was always in our planning, that there’s the chance that the U.S. Navy or perhaps an international coalition will be escorting oil tankers through,” Bessent said.The comments from the treasury secretary come as crude oil prices have breached the $100-per-barrel mark amid escalating tensions due to the war with Iran.Brent crude prices soared by over 10% to $101.48 at the time of writing, the highest since mid-2022 levels. Meanwhile, WTI Crude was trading around $96.44. The United States Oil Fund ETF (USO) closed 9.6% higher on Thursday, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) closed up by more than 10%.<h2 class="st-heading-2">War Impact</h2>In the interview, Bessent mentioned that the Iran war had cost the U.S. about $11 billion so far. He also noted that Iran had not mined the Strait of Hormuz.In addition, the Treasury Secretary also indicated how the rising oil prices have not impacted the economy, and the real thing to consider would be the duration of the elevated prices.<h2 class="st-heading-2">Oil Above $200?</h2>Meanwhile, a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/oil-prices-inflation-iran-trump-iea-imf-chief-economist-hormuz-2026-3">report</a> from Business Insider said that a former International Monetary Fund (IMF) economist had said that oil prices could rise further amidst the war, possibly surging to $200 a barrel amid compounding risks.Economist and former IMF official Olivier Blanchard reportedly wrote on Thursday on the factors that could further oil's volatile price moves. "I find it hard not to have as a central scenario where oil prices will remain very high for a long time, higher than the market current prices," Blanchard reportedly wrote on Thursday.Blanchard said ships can’t be fully protected in the Strait of Hormuz and that Iran has no incentive to stop threatening traffic, while adding that markets can’t rely on another “TACO (Trump always chickens out) trade” since the conflict’s outcome isn’t solely up to the U.S. president.Meanwhile, U.S. stocks were under pressure on Thursday, with the Dow Jones Industrial Average closing at the lowest level in 2026 at 46,677.85. The SPDR S&amp;P 500 ETF (SPY), which tracks the S&amp;P 500 index, closed 1.52% lower, the Invesco QQQ Trust ETF (QQQ) was down 1.72% at market close, and the SPDR Dow Jones Industrial Average ETF Trust (DIA) declined 1.54%.On Stocktwits, retail sentiment around the S&amp;P 500 ETF was in the ‘bearish’ territory at the time of writing.For updates and corrections, email newsroom[at]stocktwits[dot]com.

US Treasury Secretary Scott Bessent visits "FOX & Friends" at Fox News Channel Studios on November 12, 2025 in New York City. (Photo by John Lamparski/Getty Images)

US Navy Will Escort Vessels Through Strait Of Hormuz Soon, Bessent Reportedly Says As Oil Surges Past $100 Again

According to a report from Sky News, Bessent said in an interview on Thursday that the military escort would likely include an international coalition. 

<ul class="summary-bullets"><li>The Merchant Marine Act of 1920, commonly called the Jones Act, is a U.S. federal law that regulates maritime commerce within the United States.</li><li>The law requires that domestic shipping between U.S. ports be done only by American-built, American-owned, and American-crewed ships.</li><li>Meanwhile, U.S. Energy Secretary Chris Wright said that the U.S. Navy is not ready yet to escort oil tankers through the Strait of Hormuz amid an intensifying Iran war.</li></ul>The Trump administration is reportedly planning to issue temporary waivers for the Jones Act amid soaring crude oil prices due to the Iran war.According to a Bloomberg&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-03-12/trump-administration-set-to-suspend-jones-act-to-tame-oil-prices">report</a> citing people familiar with the matter, the waivers would be valid for 30 days, allowing foreign tankers to supply East Coast refiners with fuel from the Gulf Coast and other parts of the U.S.This comes at a time when crude oil prices have once again soared past the $ 100-per-barrel mark.U.S. West Texas Intermediate (WTI) crude futures maturing in April soared more than 10% per barrel before shedding some of the gains to hover around $96 a barrel. Brent crude futures expiring in May surged more than 10% to $101.53 before losing some steam to hover around $101 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) gained over 9%, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) was up about 8% at the time of writing.<h2 class="st-heading-2">What Is The Jones Act?</h2>The Merchant Marine Act of 1920, commonly called the Jones Act, is a U.S. federal law that regulates maritime commerce within the United States. It is named after its sponsor, Senator Wesley Jones.According to Section 27 of the Jones Act, goods transported between two ports in the country must be carried on ships that are built in the United States, owned by U.S. citizens or U.S. companies, registered under the U.S. flag, and crewed primarily by U.S. citizens or permanent residents.Waiving the Jones Act would allow foreign ships to carry fuel between U.S. ports, which could increase the delivery speeds while potentially lowering costs.<h2 class="st-heading-2">Iran’s New Supreme Leader Says Strait Of Hormuz Will Stay Closed</h2>Mojtaba Khamenei&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/iran-supreme-leader-strait-of-hormuz-closed-warns-us-bases-will-be-attacked/cZdu4KpRI9k">stated</a> on Thursday that the Strait of Hormuz will remain closed, in his first remarks as Iran’s new Supreme Leader.He also warned in a televised address that Iran will attack all U.S. bases in the region if they are not shut.Meanwhile, U.S. Energy Secretary Chris Wright&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/energy-secretary-navy-escorts-strait-of-hormuz-not-ready-oil-100-iran-war/cZdud7SRI9a">said</a> that the U.S. Navy is not ready yet to escort oil tankers through the Strait of Hormuz amid an intensifying Iran war.“We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities and the manufacturing industry that supplies their offensive capabilities,” he said.U.S. equities declined in Thursday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 1.03%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 1.26%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) declined 1.01%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘bearish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/iran-supreme-leader-strait-of-hormuz-closed-warns-us-bases-will-be-attacked/cZdu4KpRI9k">Iran's New Supreme Leader Says Strait Of Hormuz Will Stay Closed, Warns US Bases In The Region Will Be Attacked If Not Shut: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

President Trump signed executive orders which included the renaming of the Department of Defense to the Department of War. (Photo by Kevin Dietsch/Getty Images)

Trump Administration To Suspend Jones Act As Crude Oil Breaches $100 Per Barrel Again: Report

Brent crude futures expiring in May surged more than 10% to $101.53 before losing some steam to hover around $101 a barrel.

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