The price of oil rose above $93 a barrel, minutes after President Trump threatened Iran, according to market reports. The increase follows recent fluctuations in crude prices that had dipped to around $91 a barrel amid hopes for a diplomatic resolution.
Minutes after President Trump's threat against Iran, oil prices rose above $93 a barrel, according to market reports monitored by the Intelligence Desk. The move reverses recent losses: Brent crude had fallen to about $91 a barrel on Tuesday amid investor optimism over a potential peace deal with Iran, as The Zioneer reported. Trump's renewed threat—following hours earlier his angry claim that Iran is 'stalling' the nuclear deal and his threat of an immediate attack—appears to have shifted market sentiment toward a risk premium on supply disruption. The price surge mirrors broader market volatility tied to US-Iran tensions; earlier Thursday, Dow Jones futures fell about 0.85% as Trump shifted to a threatening tone. No further details on the timing or scope of the threat were available in this batch.
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