Oil Prices Rise as Trump Signals Waning Patience With Iran
Brent crude futures rose to 107.04 dollars a barrel after President Trump stated he would not remain patient with Iran much longer. While some vessels have resumed passage through the Strait of Hormuz, supply remains tight and market participants are monitoring potential military escalation.
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Brent Crude Oil rose 1.25% to $107.04 after United States President Donald Trump signaled diminishing patience with Iran. Prices climbed as supply disruptions in the Strait of Hormuz outweighed reports of limited vessel traffic resuming. Investors are pricing in a 6% weekly gain for Brent as military and diplomatic tensions threaten global energy flows.
