Commodities
Oil Prices Soar as Iran Attacks Continue
Global crude oil prices surged on April 4, 2026, after US President Donald Trump announced that the United States would continue its attacks on Iran in the coming weeks. This news triggered concerns among traders about prolonged disruptions to supply.
The West Texas Intermediate (WTI) crude futures rose sharply by 11.4% to close at $111.54 per barrel, while Brent crude futures rallied by around 7.8% to settle at $109.03 per barrel.
Over the week, WTI climbed almost 12%, while Brent fell over 3%. The surge in oil prices is a significant development for the global energy market and could have far-reaching implications for economies and consumers worldwide.