Trump’s Warmongering Sends Oil Prices Rocketing to New High

Daily Beast Daily Beast

trumphttps://thedailybeast-thedailybeast-prod.web.arc-cdn.net/resizer/v2/47T4FQZOANGLDD5DJFXCYUFIQY.jpg?auth=1606d2424b65b1d6f64976b79f939583521346b1d905b35cfe551d2a2078501b&smart=true&width=2736&height=1539" />
Roberto Schmidt / Getty Images

Oil prices have surged to new highs as tensions escalate over Donald Trump’s war in Iran.

Brent crude oil surged to a four-year high Thursday after reports that the https://www.thedailybeast.com/trump-to-hold-secret-briefing-as-war-crisis-spirals/" rel="" target="_self" title="https://www.thedailybeast.com/trump-to-hold-secret-briefing-as-war-crisis-spirals/">president will be briefed on new military options for possible action in Iran, raising concerns over fresh escalation in the Middle East.

The global benchmark jumped as much as 7.1 percent to above $126 a barrel—its highest level since the aftermath of Russia’s invasion of Ukraine in 2022—before easing to trade near $122, https://www.bloomberg.com/news/newsletters/2026-04-30/oil-surges-as-fresh-us-military-options-on-iran-raise-risk-of-renewed-combat" rel="" target="_self" title="https://www.bloomberg.com/news/newsletters/2026-04-30/oil-surges-as-fresh-us-military-options-on-iran-raise-risk-of-renewed-combat">Bloomberg reported.

https://www.thedailybeast.com/trumps-warmongering-sends-oil-prices-rocketing-to-new-high/">Read more at The Daily Beast.

Read full article at Daily Beast →