US Media Warning: Trump Announces Iran War "Victory" Imminent, Energy Shock Could Replay 1970s Crisis

April 2nd CNBC analysis shows the energy market is under significant pressure as former President Trump prepares to deliver a speech on the “victorious conclusion” of the Iran conflict. U.S. gasoline prices have topped $4 per gallon, and international oil prices have risen by roughly 27% since the start of the conflict. The blockage of the Strait of Hormuz has tightened global energy supplies: jet fuel prices have soared by nearly 96%, while Asian LNG prices are up about 43%. Analysts warn that if supply disruptions persist, oil prices could approach or even surpass historical highs. Historians point out the current situation carries risks similar to the 1970s energy crisis—where inflation and energy shocks could have a lasting impact on the U.S. economy and politics. While the U.S. is buffering the shock by releasing strategic reserves, global inventories are depleting rapidly, exacerbating the energy crunch.