Oil Prices Surge Over $100 Following Trump’s Threats of Increased Military Attacks
On the morning of Thursday, oil prices soared with Brent crude nearing $108 per barrel and West Texas Intermediate (WTI) reaching $111. This marked the WTI’s largest single-day increase since 2020, driven by heightened geopolitical tensions following a speech by President Donald Trump. He asserted that the U.S. would launch stronger military attacks within the next two to three weeks, escalating fears of conflict that could disrupt energy markets. The surge affects global markets dependent on steady oil supplies, causing concern among importers and consumers about potential price volatility and supply shortages. U.S. domestic oil pricing benchmarks exhibited the sharpest... [Continue Reading]
360LiveNews | 02 Apr 2026 16:48
