Oil rises as US strikes on Iran raise fears over shaky truce
Brent crude climbed more than 6% as traders priced in renewed supply risks and higher inflation pressure after the U.S. strikes.
- Oil prices rose above $79 a barrel after U.S. President Donald Trump said the ceasefire with Iran was "over," raising fears of Middle East supply disruptions and renewed conflict.
- Stock markets fell worldwide, with the Dow Jones down 550 points and significant losses in sectors sensitive to higher fuel and mortgage costs.
- Treasury yields rose alongside oil prices, reflecting investor concerns over inflation, rising interest rates, and their potential economic impact.
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Oil prices rise 5%, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
Oil prices are rising, and stock markets are dropping worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell as much as 1.1% Wednesday after Trump said the agreement to…
Oil prices jump 7% as U.S.-Iran truce buckles under fresh strikes | Honolulu Star-Advertiser
Crude oil prices soared about 7% today after President Donald Trump threatened fresh strikes against Iran, which could lead Iran to close the Strait of Hormuz to ship traffic again. Before the United States war with Iran, about 20% of global oil supplies passed through the waterway.
Trump says he is 'number one' on Iran's kill list, credits himself for Israel's continued existence
This came shortly after Trump said the US was preparing another barrage of strikes on Iran. He also said the ‘ceasefire was over’ and that he would now target civilian infrastructure, following a series of strikes by Iran on ships in the Strait of Hormuz and on American bases in the Gulf.
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