Oil price jumps and markets slide after Trump warning to Iran
Brent crude rises 7% as US president vows to hit Iran ‘extremely hard’ over coming weeks
https://www.theguardian.com/business/live/2026/apr/02/uk-record-rise-fuel-prices-mortgage-shock-stock-markets-iran-war-oil-dollar-news-updates">Business live – latest updates
Oil prices soared and stocks sank after Donald Trump vowed in a televised speech to hit Iran https://www.theguardian.com/us-news/2026/apr/01/trump-iran-war-address-white-house">“extremely hard” over the coming weeks, knocking investors hopes of a near-term end to the conflict in the Middle East.
Brent crude prices jumped by more than 7% on Thursday morning to pass $108.50 a barrel, reversing https://www.theguardian.com/world/2026/apr/01/iran-war-oil-prices-trump-crude-stock-markets-business-us-israel-middle-east">Wednesday’s drop when hopes of a de-escalation in the Iran war pushed the international benchmark below the $100-a-barrel mark at one point.
https://www.theguardian.com/business/2026/apr/02/oil-price-rises-markets-slide-following-trump-iran-war-address">Continue reading...- Volatility hits Wall Street and U.S. oil tops $110 a barrel PBS —
- Trump's Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk CNBC —
- Oil gains with Brent surging more than 8% as Trump's Iran war speech stokes fears of further escalation CNBC —
- US crude hits $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran The Independent —
- US crude tops $110 per barrel and Wall Street tumbles after Trump vows to escalate attacks on Iran ABC News —