this post was submitted on 01 Mar 2026
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The price of oil is expected to soar on Monday while stock markets could tumble as the US-Israel war on Iran rattles investors.

US crude oil is on track to rise by 9% when trading resumes, according to data from the broker IG, after Tehran said on Saturday it had in effect closed the strait of Hormuz, a key oil choke point, reportedly prompting the halt of some oil shipments.

IG’s weekend markets showed that US crude oil could rise to more than $73 a barrel when trading resumes in New York late on Sunday, up from $67 a barrel on Friday night. That would be its highest level since June 2025, when the US launched strikes on Iran’s nuclear facilities, and threatens to feed through to higher prices for drivers at the pump.

Analysts at Barclays said the oil price could reach $80 a barrel in the event of a “material supply disruption”.

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[–] HootinNHollerin@lemmy.dbzer0.com 10 points 15 hours ago
[–] goodshowsir@lemmy.world 9 points 17 hours ago

Surely the US will be able to offset this with all that oil they… liberated… elsewhere this year…

[–] KY13KR385@lemmy.world 11 points 18 hours ago (1 children)

Grateful to have a bike with saddle bags and an EV for whatever’s coming. I hope others can fare the impending storm that was thrust upon them.

[–] vaultdweller013@sh.itjust.works 5 points 15 hours ago

Yeah I'm probably going to get off my ass and finally get a motorcycle license. Maybe see about getting a sidecar so my husky can go bubye with me.

[–] dudesss@lemmy.ca 7 points 20 hours ago (2 children)
[–] Gerudo@lemmy.zip 10 points 19 hours ago (3 children)

Perfect for my 20 mile commute

[–] NarrativeBear@lemmy.world 5 points 17 hours ago* (last edited 17 hours ago) (1 children)

This is why urban sprawl (exasperated by car dependency) is killing our ability to get around independently.

Urban density is the solution and something people should support (even those that choose to live in rural areas).

With urban density comes better public transit, better public spaces, walkability, and shorter trips to work and shops.

One of my biggest fears with getting old is loosing my independence. Having to be driven everywhere with no other viable option of independent mobility would effectively make me a prisoner in my own home in a American style Suburban neighborhood.

[–] morto@piefed.social 3 points 10 hours ago

Urban density isn't the best solution. The greater the density, the greater the pressure for resources in a city (especially water), and the more fragile and dependent on imports it is.

For a much better solution, look at medium-sized cities in the developing countries. The places are mostly walkable, have everything one needs in small to medium shops spread around, have rural areas in the vicinities that can support the place entirely, so thay're resilient to situations just like this one, with oil prices going up. Medium cities like that could be close to each other, with the populations fairly spread in medium-sized clusteres. That are many more benefits, like much less losses in energy transmission and in the food chain, but it would require a too long text to say it all

Dense cities might look like less from oil, but they need a constant input of resources from far far away, being more dependent on oil and exposed to global instabilities than people think.

[–] dudesss@lemmy.ca 3 points 18 hours ago* (last edited 18 hours ago)

I mean if you're able to endure it, then that's great. Although I'm guessing not seeing how humans love to play weaker than they are, and drive a car or a princess pickup truck every time for their 2km grocery pickup run.

[–] RaoulDuke85@piefed.social -1 points 18 hours ago (1 children)

Your work mates will love your stench as well.

[–] Killer57@lemmy.ca 4 points 17 hours ago (1 children)

Don't know why you are being downvoted, hygiene is very important in the workplace.

[–] femtek@lemmy.blahaj.zone 2 points 9 hours ago (1 children)

I like the co working space that has showers for commuters.

[–] Killer57@lemmy.ca 1 points 7 hours ago* (last edited 7 hours ago)

I've only worked at one place that had a shower like that for staff, it was a Cannabis growing facility.

[–] Killer57@lemmy.ca -1 points 17 hours ago (1 children)

Aint no way am I willing or even able to bike 50km to work each way in the winter.

[–] dudesss@lemmy.ca -1 points 17 hours ago* (last edited 17 hours ago) (1 children)

Ok, @Gerudo did not provide a solution to a problem. But instead brought a problem to a solution.

You are currently doing the same. Also 20 miles is 32km.

Both of you, do better.

[–] Killer57@lemmy.ca 1 points 17 hours ago* (last edited 17 hours ago) (1 children)

I am not changing my job to work closer to home, biking to work would be the literal death of me for cycling on the ringroad. Edmonton is NOT a pedestrian or Cycling friendly city. Not to mention it gets down to -40C in the winters.

[–] kill_dash_nine@lemmy.zip 1 points 16 hours ago (2 children)

Your points about weather obviously stand as a massive blocker but regarding the road, wouldn’t it make sense to take a more direct route if you were mapping out a route for biking? That path is likely optimized for the speed of an automobile I would assume as that appears to be a highway (as someone who is not familiar with Edmonton or the Canadian highway system).

Of course if those roads aren’t bike friendly, which you may have been referring to, everything goes out the window. Much easier when there are wide paths like you see in other bike friendly cities.

[–] dudesss@lemmy.ca 1 points 3 minutes ago

Killer57 doesn't get it. Not everyone will be able to use a bike, but many people can and should. And we should be encouraging the people who can. I bike during the winter with mountain bike like tires, and I'm fine. Of course the same cannot be said for everyone. Also winter is only 1 of the 4 seasons, and there can be more to bike to than just work.

[–] HellsBelle@sh.itjust.works 1 points 9 hours ago

Winnipeg is probably just as bad as Edmonton for lack of alternatives to owning a car.

I bought a robust e-bike late last summer, with the intention of riding it year-round. Then we got hit with a few storms and I realized city hall doesn't give a shit about clearing road shoulders for me to able to use them. Never mind the absolutely unridable sidewalks with mushy frozen ruts that have caused more than a few falls, one snapping my rear brake handle (thanks climate change).

I gave up and have had to revert back to our astronomically shitty bus service or walking -- which is difficult because of multiple surgeries on my knee, ankle and shoulder.

[–] deHaga@feddit.uk 4 points 20 hours ago

How else was Trump going to get his 'drill baby drill'?