US EditionUS crude tops $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran
Benchmark crude and Brent both climbed more than 7% as traders priced in supply risks after Trump said U.S. strikes on Iran will continue.
- The price of Brent crude was around $100 per barrel before the president's remarks.
- Tina Soliman-Hunter from Macquarie University stated that Trump's signals suggest ongoing conflict, keeping oil supplies tight.
- Thursday marked the last day of Wall Street trading for the week due to Good Friday.
- Following Trump's address, Brent crude jumped 4.8% to $106.02, and West Texas Intermediate oil increased by 4% to about $104.
180 Articles
180 Articles
Washington Top News
The Latest: Oil prices surge, stocks waver with Trump offering no clear end to war
President Donald Trump said U.S. forces will keep hitting Iran “extremely hard over the next two or three weeks” and bring the country “back to the Stone Ages,” even though he argued that all of his administration’s military objectives have been met or exceeded. Trump didn’t say anything in his Wednesday night address about negotiations with Iran or mention his latest deadline of April 6 for Iran to open the Strait of Hormuz, the critical waterw…
Rutland Herald
Oil jumps and Wall Street wavers after Trump vows to escalate attacks on Iran
Stocks recovered most of their earlier losses as volatility returned to Wall Street after two days of solid gains. The S&P 500 fell 0.1%, the Dow fell 87 points and the Nasdaq fell 0.1%. Oil prices remained elevated although down…
Stocks Tumble, Oil Surges in Wake of Trump Speech
The stock market woke up in an expected sour mood on Thursday after President Trump's Iran speech on Wednesday night. Investors were apparently hoping to hear a clearer timetable for an end to the war, reports the AP , and have reacted accordingly: The Dow fell about 500 points in the...
Trump's fresh Iran threats give investors a risk-off reality check
U.S. President Donald Trump’s threat to bomb Iran back to the Stone Age has sharply raised stakes in a war now in its fifth week, a big setback to investors hoping for a swift end to a conflict that is squeezing oil supplies and fanning inflation. Global markets recoiled on Thursday, with stocks and bond prices sliding, oil surging and the dollar firming after Trump gave little clarity on when the conflict might end. Early in New York, the S&P 5…
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