Oil prices surged 7% to above $90 a barrel on Wednesday, after President Trump threatened to escalate military actions against Iran and said, 'We'll wipe Iran's shape,' according to Israeli media reports.
Oil prices surged 7% to above $90 a barrel on Wednesday, after President Trump threatened to escalate military actions against Iran and said, 'We'll wipe Iran's shape,' according to Israeli media reports. The spike, reported by N12, extends a volatile period in global oil markets tied to the US-Iran confrontation. The Zioneer has reported on a series of sharp price swings in recent weeks, including a jump to $85 amid Strait of Hormuz disruptions and a surge above $93 after earlier Trump threats. The current level — above $90 — marks a return to elevated geopolitical risk pricing after a brief period of easing.
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