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Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.   With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.  Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.   Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.   The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

Bitcoin

Bitcoin is experiencing heightened volatility as traders weigh the impact of rising geopolitical tensions in the Middle East and a potential 48-hour ultimatum regarding the Strait of Hormuz against ongoing institutional accumulation. While some in the community argue these macro pressures are driving panic-selling and setting up a deeper retracement, others remain focused on the long-term structural bull thesis, viewing the current price action as a shakeout of leveraged positions.

JasmyCoin is based on the ERC 20 standard. The token can also be used by an unspecified number of individuals and businesses to transfer tokens using digital devices as proof of value exchange or payment for services. By not limiting its usability, the token can have a wide range of purposes.

JasmyCoin

JasmyCoin is currently sparking intense debate within the community, with many investors debating whether its recent price action signifies a long-term accumulation phase or a continuation of a downward trend. While some holders are aggressively adding to their positions citing fundamental developments and long-term ecosystem potential, others remain skeptical, pointing to the coin's weak performance relative to the broader market and perceived lack of communication from leadership.

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment provides jet fuel to the airline segment. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

Delta Air Lines, Inc.

Delta Air Lines is capturing investor attention as record-breaking holiday travel demand clashes with operational pressures, including government-linked disruptions and ongoing weather-related flight delays. Traders are actively debating the sustainability of current price levels, while the stock continues to see heavy call option activity and institutional interest focused on the carrier's premium positioning in a K-shaped economy.

Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.

Avalanche

Avalanche is currently trending as investors debate whether the asset is reaching a cycle bottom or remains vulnerable to further downside, with the community closely tracking the debut of its first US spot ETF and potential legislative developments. Despite widespread frustration over recent price performance and market manipulation, many participants are utilizing these lower levels as an accumulation opportunity, betting on the long-term utility of the blockchain's institutional RWA tokenization initiatives.

Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial Banking (Canadian P&C), United States Personal and Commercial Banking (U.S. P&C), BMO Wealth Management, BMO Capital Markets, and Corporate Services. The company was founded by Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson and Thomas A. Turner on June 23, 1817 and is headquartered in Toronto, Canada.

Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN

GDXU is experiencing heightened volatility and intense community discussion as investors debate whether to capitalize on recent dips or brace for a broader market pullback. While bulls highlight gold's historical strength as a safe haven and hedge against inflation, bears and tactical traders are closely monitoring leveraged decay and technical resistance levels following significant price swings.

Wheaton Precious Metals Corp. is a precious metals streaming company with the quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. It operates through the following business segments: Gold, Silver, Palladium, Cobalt, and Other. Wheaton was founded by Peter Derek Barnes on December 17, 2004 and is headquartered in Vancouver, Canada.

Wheaton Precious Metals Corp

Wheaton Precious Metals is surging amid investor enthusiasm for record-high precious metal prices and the companys recent strong earnings, which featured significant revenue growth and dividend increases. Community discourse is heavily focused on the stock's role as a high-margin, asset-light alternative to traditional miners, with active debate centered on whether to hold for long-term commodity strength or capitalize on current momentum.

American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Domestic, Latin America, Atlantic, and Pacific. The company was founded on December 9, 2013, and is headquartered in Fort Worth, TX.

American Airlines Group Inc

American Airlines is trending as investors weigh strong travel demand against significant operational headwinds, including government-mandated travel security changes and volatile jet fuel costs tied to escalating Middle East conflict. The community is sharply divided, with traders debating whether these factors represent a buying opportunity for a bounce or clear signals of long-term structural distress.

Golar LNG Ltd. owns and operates liquefied natural gas carriers, floating storage, and regasification unit. It operates through the following segments: Vessel Operations, FLNG, and Power. The Vessel Operations segment operates and charter out vessels on fixed terms to customers. The FLNG segment provides integrated upstream and midstream solution for the development of gas reserves to LNG. The Power segment integrated LNG based downstream solutions, through the ownership and operation of FSRUs and associated terminal and power generation infrastructure. The company was founded on May 10, 2001 and is headquartered in Hamilton, Bermuda.

Golar Lng

Golar LNG is trending as investors bet on the company's critical role in the global energy supply chain, specifically through its floating liquefaction infrastructure amid ongoing geopolitical tensions and tight supply constraints. Market participants are actively discussing the stock's potential to capitalize on long-term project backlogs and the broader structural shift toward mobile, reliable energy export solutions.

Royal Gold, Inc. engages in the business of acquiring and managing precious metal streams, royalties, and similar interests. It operates under the Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment focuses on metal streams, which are purchase agreements that provide, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals produced, at a price determined for the life of the transaction. The Acquisition and Management of Royalty Interests segment is involved in non-operating interests in mining projects that provide the right to revenue or metals produced from the project. The company was founded by Stanley Dempsey in 1981 and is headquartered in Denver, CO.

Royal Gold, Inc.

Royal Gold is attracting significant attention as investors analyze its long-term bullish potential and performance relative to the broader precious metals sector. The community is actively debating the company's valuation, recent dividend increases, and its strategic positioning amidst ongoing market volatility and institutional interest.

Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience.   The Hyperliquid L1 is performant enough to operate an entire ecosystem of permissionless financial applications – every order, cancel, trade, and liquidation happens transparently on-chain with block latency &lt;1 second. The chain currently supports 100k orders / second.  The Hyperliquid L1 uses a custom consensus algorithm called HyperBFT which is heavily inspired by Hotstuff and its successors. Both the algorithm and networking stack are optimized from the ground up to support the L1.   The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX. Further developments include a native token standard, spot trading, permissionless liquidity, etc.

Hype

HYPE is currently at the center of a major market shift as institutional traders move to Hyperliquid's decentralized platform for its superior speed and efficiency during high-volatility events. The community is buzzing over recent high-profile partnerships and the launch of new perpetual trading tools, driving intense discussion around long-term valuation targets and the platform's ability to challenge traditional centralized exchanges.

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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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