Trump Moves Oil Markets Again, but Bitcoin Awaits Fed Rate Decision

NewsWed, 29 Jul 2026 13:53:20 UTC5 hours ago

Oil prices spiked on Wednesday. Brent crude jumped 6.6% to $91.94 a barrel after President Donald Trump vowed to strike Iran. The Federal Reserve sets interest rates hours later.

West Texas Intermediate, the US oil benchmark, rose 6.4% to $84.31. Oil had fallen for three days straight. That drop is now gone.

Spot Brent Crude and WTI Performance. Source: TradingView

🚨 HOLY SMOKES. President Trump is FURIOUS with Iran after they launched a surprise attack on US forces

TRUMP: "We are going to beat the f**king SH*T out of them."

"We'll be hitting them hard. They're going to get a beating."

He has reviewed video of the attack and US forces… pic.twitter.com/K3LpK2geFY
- Eric Daugherty (@EricLDaugh) July 29, 2026

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What Did Iran Attack, and How Did Trump Respond?

Iran's Islamic Revolutionary Guard Corps fired multiple ballistic missiles at 5:45 p.m. ET on Tuesday. US Central Command called it an attempted surprise attack.

All of them were intercepted. No US troops were hurt and nothing was damaged.

… Continue reading the full article at the original source below.

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Trump Moves Oil Markets Again, but Bitcoin Awaits Fed Rate Decision

What Did Iran Attack, and How Did Trump Respond?

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