President Donald Trump administration officials entered panic mode Sunday when oil prices skyrocketed following military operations in Iran, with the president reportedly "flipping out" as barrel prices approached $120. Financial Times columnist Ed Luce revealed the presidential meltdown on MSNBC, confirmed by White House insiders to Politico.
The spike exposed a fundamental miscalculation: administration officials never anticipated Middle East military operations would trigger energy market turmoil. Despite the disruption, a former Trump official stated the administration requires a "consistent, multiweek read" of oil prices before reconsidering strategy, indicating short-term spikes won't alter military decisions.
Monday saw damage control efforts targeting traders and anxious Republicans concerned the war contradicts their midterm message on lowering living costs. A Quinnipiac poll found over 70 percent of voters worry the conflict will drive up oil and gas prices, though White House spokesperson Taylor Rogers dismissed increases as temporary.
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Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash. Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more