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Commodities

Iran Tensions Fuel Oil Price Surge as Trump Threatens 'Hard' Strike

Guavy AI Editorial Team
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Oil prices continued to rise on Tuesday after reports of a tanker being hit near Oman and US President Donald Trump's threat to strike Iran 'hard'.

The Brent crude futures price climbed 0.6 percent to $91.02 a barrel, holding above $90 for the second straight day.

US West Texas Intermediate rose 0.9 percent to $86.50 a barrel.

In an interview with Fox News, Trump said the blockade had been 'unbelievable' and that 'we are hitting them very hard,' warning that if Iran were to obtain a nuclear weapon, 'the Middle East and Israel would have gone.'

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