Oil Prices Surge 6% as Trump Signals Prolonged Iran Conflict
Oil prices surged in early Asian trade on Thursday after President Trump signaled that Washington would continue its military campaign against Iran, including potential strikes on energy infrastructure. Before the speech, prices had dropped on expectations of de-escalation, leading to a sharp spike when Trump made it clear the war would continue. At the time of writing, WTI was trading at $105.2, up 5.07%, while Brent stood at $107.3, up 6.04% Before the speech, prices had dropped on expectations of de-escalation, leading to a sharp spike when…