It's-a Me! Mario! Reporting on Oil Prices Going Higher Than My Jump!

Here We Go! Oil Prices Jump Like I Grab a Super Mushroom!

Mamma Mia! It's a me Mario reporting LIVE from the Mushroom Kingdom—well not really but close enough! Oil prices are going higher than Bowser's castle after Israel launched airstrikes on Iran! Seems like everyone's a worried about a possible oil supply shortage. "It's a me!" thinking maybe I should invest in some warp pipes to get that oil around faster! Wahoo!

Target Practice! Israel Strikes Iran Oil Market Feels the Pain!

So apparently Prime Minister Netanyahu says Israel launched a "targeted military operation" against Iran's nuclear program. They hit some key sites but luckily it doesn't seem like the oil infrastructure got a touched. But still investors are nervous! It's like when I see a Goomba – you know something's a coming but you don't know what! This whole situation is a making me feel like I need a 1 Up Mushroom!

No U.S. Support? Marco Rubio Says 'It's a Me! On My Own!'

U.S. Secretary of State Marco Rubio is saying Israel acted without their support. "Oh no!" He's also warning Iran not to mess with U.S. interests. It's a like when Luigi tries to go it alone in a haunted mansion – you know it's a going to be a spooky mess! President Trump chimes in saying Iran should have made a deal. 'They should have done it!' he says. Maybe he needs to throw a few fireballs at the problem!

Mamma Mia! Will Iran Retaliate? It's a Getting Hotter Than a Fire Flower!

Now everyone's worried Iran might strike back at Israeli or American targets. "Here we go!" That could cause a big escalation and mess with the oil supply. Andy Lipow says Trump wants low energy prices so if Iran does something to raise gas prices it's a bad news for the President. It's a like Bowser stealing the princess – always causing trouble!

Strait of Hormuz: The World's a Oil Chokepoint!

The Strait of Hormuz is a key spot like the entrance to Bowser's castle! One fifth of the world's oil goes through there. Luckily the Israeli operation didn't target Iranian oil facilities directly so they can still export oil. But if Iran tries to block the strait "Oh Mama Luigi!" they're gonna have problems. China Iran's biggest oil customer won't be happy with higher prices. Looks like it's a not as bad as when Russia invaded Ukraine though. "Thank you so much for to playing my game!"

Game Over? Not Yet! IEA to the Rescue!

The International Energy Agency says they have 1.2 billion barrels of emergency oil stocks. "It's a me!" thinking they're ready to jump in like I do to save the day! Fatih Birol says they're watching the situation closely and are ready to act if needed. So maybe we won't run out of gas anytime soon. But "Here we go!" it's a time to keep an eye on those oil prices!