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18 April 2024

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Oil jumps over 5% after Trump says U.S. to keep up attacks on Iran

02-04-2026 08:28 AM


Ammon News - Oil prices climbed more than $5 on Thursday, as President Donald Trump said the United States would keep ​up attacks on Iran without committing to a specific timeline to ‌end the war, fanning investor fears about sustained disruptions to supply.

Brent crude futures rose $6.33, or 6.3%, to $107.49 per barrel by 0407 GMT. U.S. West Texas Intermediate crude ​futures were up $5.28, or 5.3%, to $105.40 per barrel.

The gains followed an ​earlier fall of more than $1 in both benchmarks prior to ⁠Trump's televised speech to the nation, after having settled lower in ​the previous session.

"We are going to finish the job, and we're going ​to finish it very fast. We're getting very close," Trump said, adding that the U.S. military had nearly achieved its goals in the conflict which would end in ​two to three weeks, but giving no specifics.

Reuters




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