Trump's Iran War Push Backfires As Oil Prices Soar Above $110
Key Takeaways
- Oil prices jumped, Brent above $105 per barrel after Trump's Iran-war address.
- Stock futures fell as markets reacted to surging oil and war rhetoric.
- Trump pledged to continue the fight for weeks and launch further attacks.
Markets Sour on Trump
Global oil markets entered a phase of hedging against political promises.
“How is Trump planning to end the Iran war”
Trump tried to calm markets but these efforts collided with the continued closure of the Strait of Hormuz.
CNN Arabic reported Brent crude jumped more than 4% after Trump's speech.
Masrawy detailed the erosion of Trump's credibility after repeated fluctuations in his positions.
Trump's Speech Sends Markets Tumbling
Trump threatened to continue attacks for two to three more weeks.
Oil prices surged as WTI crude traded above Brent, an unprecedented development.
ایران اینترنشنال covered Algeria's cautious stance balancing historical alignment with Tehran and economic interests.
The Independent on Trump's War Fatigue
The Independent described Trump as like a child, bored easily.
He had expected the war to be short and easy and grew tired of the conflict.
Trump wants to end the war in a way that makes him look victorious.
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