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Oil prices rise after Trump announces US strikes on Iran
Energy
- 02 April, 2026
- 10:24
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Oil prices climbed following a decline in the previous session.
According to Report, trading data indicate that June Brent crude futures on the London ICE Futures exchange increased by $5.90 (5.83%), reaching $107.06 per barrel.
May WTI crude futures on the New York Mercantile Exchange (NYMEX) rose by $4.86 (4.85%), reaching $104.98 per barrel in electronic trading.
Investors are assessing the global geopolitical situation in light of statements by U.S. President Donald Trump. On Wednesday, he claimed that within the next two to three weeks, the United States would launch powerful strikes on Iran, potentially setting the country back to the Stone Age.
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