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Commodities

Trump's 'Economic D-Day' Against Iran Sends Oil Prices Soaring Again

Guavy AI Editorial Team
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Oil
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Crude oil futures rose for a fifth consecutive day on Thursday after US President Donald Trump announced plans to launch an economic campaign against Iran.

Trump vowed to 'crush' Iran's economy, signaling further escalation in the Middle East. This move is expected to have consequences for countries that continue to do business with the Iranian regime.

The United States Oil Fund LP ETF (USO) and other oil-related assets benefited from the increased tensions, as investors sought safe-haven assets amidst the uncertainty.

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