Trump's Iran Threat Sends Oil Prices Soaring
Crude oil prices surged on Wednesday after US President Donald Trump threatened to take decisive action against Iran in response to attempted attacks on American forces.
According to CNN, Brent crude rose by 5.8% to $86.82 per barrel, while US crude jumped 6.4% to $84.30 per barrel.
In an interview with Fox News, Trump vowed to 'beat them to a pulp' and promised that the US would hit Iran hard if necessary.
He also stated that the US coordinated with Iraqi forces before conducting a joint attack on Iranian-backed Shiite militias in Iraq, calling them a 'cancer on the world.'