Oil vaults 10% above $110 as Trump’s Iran escalation warning rattles markets

Oil prices rocketed above the psychologically important $110-per-barrel mark on Thursday after President Donald Trump signaled that Washington was preparing for a further phase of military action against Iran over the next two to three weeks, sharply reversing the previous session’s optimism that the conflict might be nearing a diplomatic off-ramp. U.S. West Texas Intermediate […] The post Oil vaults 10% above $110 as Trump’s Iran escalation warning rattles markets appeared first on Tekedia.

  Business   Apr 3, 2026   0   6  Add to Reading List
Oil vaults 10% above $110 as Trump’s Iran escalation warning rattles markets

Oil prices rocketed above the psychologically important $110-per-barrel mark on Thursday after President Donald Trump signaled that Washington was preparing for a further phase of military action against Iran over the next two to three weeks, sharply reversing the previous session’s optimism that the conflict might be nearing a diplomatic off-ramp. U.S. West Texas Intermediate […]

The post Oil vaults 10% above $110 as Trump’s Iran escalation warning rattles markets appeared first on Tekedia.

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