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Politics : Formerly About Advanced Micro Devices
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From: locogringo6/26/2025 8:44:13 PM
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CNN Claimed Strike on Iran Would Cause Oil Prices to Surge – But It Didn’t

CNN is the latest to suffer from the utter humiliation of prophesying Armageddon-level economic catastrophe as a result of President Donald Trump’s military strikes on Iran, only to have their predictions collapse faster than Biden on the steps of Air Force One.

...Two days later, on June 24, CNN reporters Anna Cooban, John Liu and John Towfighi released a story that nuked their colleague’s entire pearl-clutching spin to smithereens: “Oil is falling so much it’s now cheaper than it was before the Iran-Israel conflict.” In fact, the reporters noted that “Brent crude, the global oil benchmark, fell 6.1% to $67.14 a barrel. West Texas Intermediate crude, the US oil benchmark, fell 6% to $64.37 a barrel.”
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