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Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the Stakes

Oil climbed near a one-month high and the 30-year Treasury yield rose above 5.25% as investors reacted to Trump’s Iran threats, analysts said.

Summary by Oil Price
Hormuz traffic remains near a standstill as Trump’s ‘Economic D-Day’ campaign pushes Brent closer to $100. Friday, August 21, 2026 Transits through the Strait of Hormuz have been in single digits the entire week, with Trump’s announcement of an ‘Economic D-Day’ campaign against Iran increasing geopolitical risk premia in the markets. With ICE Brent at $94 per barrel, Asian LNG prices at $24 per MMBtu and VLCC freight rates at exorbitant levels, …

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Trump's "Economic D-Day" against Iran hits its own population: petrol 26.7% more expensive, mood in the basement – intermediate elections close.

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ussanews.com broke the news on Friday, August 21, 2026.
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