Oil prices climbed above $93 a barrel immediately after President Trump threatened Iran, according to market reports. Trump separately disclosed a U.S. operation that seized 22 Iranian oil tankers, and when asked whether he is still considering strikes on Iranian power plants and bridges, said, 'I'm not going to tell you, but I can do it.'
Oil markets reacted sharply minutes after President Trump escalated his rhetoric against Iran. According to market reports, crude prices surged past $93 a barrel after dipping to around $91 earlier amid hopes for a diplomatic resolution — a decline The Zioneer reported on June 9. This bulletin is part of an ongoing thread covering the escalating U.S.-Iran standoff. Earlier on June 10, The Zioneer reported that Trump disclosed a secret U.S. operation that extracted 22 Iranian oil tankers from the Persian Gulf after disabling Iranian radars. The president also said in a Fox News interview that the U.S. military is on alert regarding Iran. When pressed by a journalist on whether he still plans to strike Iranian power plants and bridges, Trump replied: 'I'm not going to tell you, but I can do it.' The oil price jump appears to reflect market assessment of a heightened risk of direct military confrontation between the U.S. and Iran, as diplomatic tracks stall.
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