Oil price rises and markets slide after Trump warning to Iran
Brent crude jumps 6.5% as US president vows to hit Iran ‘extremely hard’ over coming weeks Business live – latest updates Oil prices soared and stocks sank after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks , knocking investors hopes of a near-term end to the conflict in the Middle East. Brent crude prices jumped by 6.5% on Thursday morning to more than $107.6 a barrel, reversing Wednesday’s drop when hopes of a de-escalation pushed the internationa
Brent crude rises 8% as US president vows to hit Iran ‘extremely hard’ over coming weeks
Business live – latest updates
Oil prices have soared after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks, knocking hopes of a near-term end to the conflict in the Middle East.
Brent crude prices jumped by as much as 8% on Thursday to $109.74 a barrel, reversing Wednesday’s drop when hopes of a de-escalation in the Iran war pushed the international benchmark below the $100-a-barrel mark at one point.
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