US crude tops $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran
Trump said U.S. forces will keep hitting Iran for two or three weeks as Brent crude rose nearly 5% on supply fears.
- 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.
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296 Articles
Iran warned Trump that the region would be a "hell" and a "pants" for the United States. After the 48h time given by Washington, they will have called the threats of "stupid" and say that the American defeat is inevitable.
Provoke a “hell” in Iran, as Donald Trump repeats, and this Saturday he repeated it, could it involve the launch of an atomic bomb? Some fear so. Here are the arguments. And the counterarguments:Keep reading
'Gates of hell will open': Iran fires back at Trump's 48-hour threat, calls it 'stupid' action
Iran has dismissed US President Donald Trump's 48-hour threat to destroy its infrastructure, calling it “helpless and nervous,” and warned that any attack on its facilities would trigger “devastating and continuous” retaliation against US and Israeli targets.
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