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Oil prices jump over 6% as Trump threatens to hit Iran 'extremely hard'
- Brent tops $107 amid fears of prolonged conflict and supply disruption home > Oil 02.04.2026 09:19 Oil prices surged more than 6.5% on Thursday, with Brent crude rising above $107 a barrel after US President Donald Trump threatened to hit Iran “extremely hard,” fueling concerns about a prolonged conflict and deeper supply disruptions in the Middle East.International benchmark Brent crude traded at $108 a barrel, up 6.7% as of 0610 GMT, while US benchmark West Texas Intermediate rose to $106.45, gaining 6.3%.The rally followed Trump’s remarks signaling that US attacks on Iran would continue, offering no clear path toward de-escalation and disappointing investors who had hoped for signs of a near-term ceasefire or diplomatic breakthrough.“We’re going to hit them extremely hard. Over the next two to three weeks. We’re going to bring them back to the Stone Age, where they belong,” Trump said.Oil markets had briefly eased earlier this week on expectations that Washington might scale back its military campaign, but sentiment reversed after Trump’s comments renewed concerns over risks to crude flows from the region, particularly through the Strait of Hormuz, a vital route for global energy shipments.By Mucahithan AvciogluAnadolu Agencyenergy@aa.com.tr
Day 34 of Middle East conflict — Oil prices surge as Trump's Iran ...
Live Updates War with Iran Live Updates En español: guerra con Irán Video Ad Feedback Oil spikes 11% in one day as Trump offers no clear plan to end war, reopen Strait of Hormuz 05:06 • Source: CNN Oil spikes 11% in one day as Trump offers no clear plan to end war, reopen Strait of Hormuz 05:06 Ad Feedback • Follow the latest updates on the war with Iran here. 68 Posts • Opening the strait: The UN Security Council is set to vote Friday on a Bahraini proposal that would authorize countries to use “all defensive means necessary” to secure the Strait of Hormuz. More than 40 countries attended a virtual meeting to discuss reopening the waterway Thursday, as US President Donald Trump railed against allies over their handling of the issue. • Iran’s capabilities: US intelligence assessments have found that Iran maintains significant missile launching capability despite more than a month of heavy US-Israeli bombardment, sources told CNN. Tehran remains poised to “wreak absolute havoc” throughout the region, one of the sources said. • Impact on markets: Asian equities rebounded on Friday, tracking gains on Wall Street amid hopes for an end to the conflict despite surging oil prices. Meanwhile, Asian airlines have hiked ticket prices and cut flights as carriers face pressure amid rising jet fuel costs. The aircraft carrier USS Gerald R. Ford, the US Navy’s newest and largest carrier, is back at sea and mission-capable after undergoing repairs for a fire in its laundry spaces, a statement from the 6th Fleet said Thursday. “Gerald R. Ford remains poised for full mission tasking in support of national objectives in any area of operation,” said the statement released after the ship left Split, Croatia, on Thursday. The Ford was in the Red Sea operating as part of Operation Epic Fury against Iran when the fire broke out on March 12. Speaking to a defense forum in Washington on Tuesday, Chief of Naval Operations Adm. Daryl Caudle praised the Ford’s crew for their firefighting and getting the ship back into action two days after the blaze. “They fought that, put it out, and started flying sorties two days after that, so I’m very proud of that crew,” he said. But the ship was pulled from action against Iran just over a week after the fire and sent to Greece for repairs to berthing spaces that were damaged. After repair work was done at a US base at Souda Bay on the island of Crete, the Ford went to the Croatian port for five days of rest and relaxation....
Charting the Global Economy: Oil Storms Higher on War Escalation
... US President Donald Trump issued fresh threats against Iranian infrastructure. ... risks amid the rapid run-up in energy prices. Here are some of the ...
Oil prices jump over 6% as Trump renews threat against Iran
... U.S. President Donald Trump threatened to hit Iran ... Oil prices jump over 6% as Trump renews threat against Iran. A view of a crude oil pump in ...
