- 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 —
- Oil price jumps and markets slide after Trump warning to Iran The Guardian —
- 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 —
- Wall Street Money Managers Hunker Down as Iran War Rages On Bloomberg —
Oil prices surge past $110
Crude oil prices have surged past $110 per barrel as investors digest the implications of a prolonged war in the Middle East.
President Trump's recent address, which emphasized further strikes rather than a diplomatic resolution, has heightened fears of a permanent disruption to global energy supplies.
The ongoing blockade of the Strait of Hormuz continues to force tankers onto more expensive, longer routes, driving up logistics costs worldwide.
Economists warn that these sustained high prices could act as a significant drag on global GDP growth throughout 2026.