"Were it not for this seamless Hormuz bypass, there'd be even more desperation in Trump's calls for allied help," adds Krane, referring to Donald Trump.

Oil Falls, Asian Equities Mixed Amid Easing Supply-Disruption Concerns Oil prices fell and Asian equities were mixed Friday, amid easing concerns over oil supply disruptions ---- Saudi Arabia Sees a Spike to $180 Oil if Energy Shock Persists Past April Prices at such a level could lead the kingdom to be vilified and trigger a recession or consumer changes that crush demand.

Assuming you aren't currently hiding under a very large rock, you've likely noticed that gas prices spiked dramatically in early March.

(Bloomberg) -- Oil steadied as traders tracked the fallout from the US push to take control of Greenland, and concerns about a global surplus.