US EditionUS crude tops $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran
Trump said U.S. strikes on Iran will continue for weeks as investors dumped stocks and pushed Brent crude above $108 a barrel.
- 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.
278 Articles
278 Articles
The oil crisis is deepening in the wake of the war with Iran. This could prompt the EU to increase investments in solar and wind power. High energy prices are simply a more effective argument against voters than the environment, according to an expert.
Crude Oil Prices Soar After Trump’s Threats to Iran
The price of oil rose by 10% on Thursday, April 2, after US President Donald Trump warned of a possible escalation of military action against Iran in the next two or three weeks, which reduced expectations of an immediate de-escalation of the conflict. The price of West Texas Intermediate (WTI) increased by 10%, reaching $110.21 per barrel, while Brent rose by 8%, reaching $109.25 per barrel. In a speech, Trump attributed the price surge to what…
Oil prices remained elevated around the world on Thursday at $111.54 a barrel of US crude oil, and jumped on Wednesday after a speech by US President Donald Trump in which he promised that the US would continue to attack Iran and did not offer a deadline for ending the war.
Channel News Asia
Oil surges, stocks mixed as Trump dashes hopes of quick end of war
“Trump's address delivered little to nothing new on timelines for ending hostilities against Iran,” said Deutsche Bank’s Jim Reid, as oil prices surged following the US president’s warning of further strikes.
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
