Chuck Schumer Blasts Trump's 'Reckless War Of Choice', Jim Cramer Warns 'Sudden Oil Shock' Spells Bad News For Stocks As Dow Futures Sink 1000 Points

Benzinga_recent_news03-09

Senate Democratic leader Chuck Schumer (D-N.Y.) and CNBC's Jim Cramer led a wave of alarm Sunday after oil prices surged and President Donald Trump said higher energy costs were "a very small price to...

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pay\" for world safety and peace.\nSchumer wrote on X, \"Due to Donald Trump's reckless war of choice, gas prices have surged to their highest levels in years,\" and demanded that Trump release oil from the Strategic Petroleum Reserve \"IMMEDIATELY.\"\nCramer warned, \"A sudden oil shock is always bad for stocks,\" adding, \"I don't see a path to de-escalation.\"\nOther critics sharpened the political attack. California Gov. Gavin Newsom's (D) office circulated a satirical image showing an \"Iran war blend\" price of $8.21 a gallon. \nEconomist Peter Schiff wrote, \"Oil is now over $112 per barrel,\" warning prices \"can easily go much higher.\"\nReuters reported last week that analysts see prolonged supply disruptions, fresh inflation pressure and slower global growth if the conflict drags on. 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