Trump signals extended Iran conflict as oil prices rise
Trump signaled that military operations in Iran will continue for weeks. Oil prices rose to 106 dollars as investors weighed the risks of energy supply shocks.
Global financial markets experienced a sharp reversal on Thursday as aggressive rhetoric from the United States regarding the ongoing conflict in Iran dashed hopes for a near-term resolution. President Donald Trump’s latest warnings, which suggested a continuation of military strikes for at least several more weeks, triggered a flight to safety among investors who had previously anticipated a de-escalation.
The heightened geopolitical risk immediately impacted energy markets, where Brent Crude Oil saw its June contract surge approximately 5% to reach $106.16 per barrel. This spike followed confirmation that the military campaign, now entering its fifth week, would likely persist, further straining global supply chains and intensifying inflationary pressures.
