What Smart People Are Saying About Latest Iran-War Oil Spike, Stock Drop
- Business, donald-trump, Energy, Finance, geopolitical-risk, iran, Markets, mi-exclusive, oil-price, oil-prices, stock-market, us-iran-conflict
- April 2, 2026

Two of the most controversial pipeline projects this century—the failed Keystone XL project and the successful Dakota Access Pipeline—are gaining new life to move Canadian oil into the U.S., backed by cross-border permits quickly approved by President Donald Trump. The April permits arrive as oil producers push to move growing Canadian volumes to U.S. refineries,
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Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week. Loading audio narration… WTI crude gained as much as 14%, while Brent climbed 8% at intraday highs. Both are trading around $110 per barrel. In stocks, all
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