Crude Oil Surges to $100 After Trump Threatens Attack on Iran
Brent Crude Oil prices have surged 5% to $100 after US President Donald Trump threatened a “massive attack” on Iran on Thursday. U.S. President Donald Trump promised on Thursday “major military punishment” for Iran and its Houthi allies, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint. The latest threat sent global oil prices surging in one of the steepest rises of the war, breaking through $100 a barrel for the first time since May.
After the Houthis said they had struck the two tankers, Trump said he would hold Iran accountable for any further attacks by the fighters. “If they do this again, the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis themselves,” Trump wrote on Truth Social.
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