Trump Warning to Iran Triggers Oil Price Surge

US President Donald Trump's latest warning to Iran sent shockwaves through global markets on Wednesday, prompting a sharp increase in oil prices. In an interview with Fox News, Trump vowed that the US would respond decisively to Iran's ballistic missile attack on American military installations in the Middle East.

The president described the attack as a 'surprise' and said US forces had only minutes to react. Trump also revealed that diplomatic talks with Tehran would continue, but made it clear that military retaliation remained an option.

Oil prices surged nearly 7% during the day, rising to just under $90 per barrel, as traders weighed the possibility of a broader regional conflict. The renewed fighting ended several days of relative calm in the region and revived concerns about disruptions to global oil supplies.