One Trump Decision Now Stands Between Oil and Its Next Surge As Brent Tops $100
Oil prices jumped on Thursday. Brent crude topped $100 a barrel. The cause was one man. President Donald Trump said he is close to ordering a massive strike on Iran.
Reportedly, he told Axios he has not made a final call. But he says everything is ready. His decision could push oil even higher.
Trump’s Decision Could Push Oil Prices Higher
Trump said any new attack would be bigger than the last one. That earlier US campaign was called Operation Epic Fury. He said a decision is close, but not final.
“I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it,” Axios reported.
The fight has grown over the past 12 days. The US wants to stop Iran from hitting ships in the Strait of Hormuz. About 20 million barrels of oil pass through that narrow route each day. That is close to a fifth of the world’s supply, the US Energy Information Administration (EIA) says.
The two sides had stopped fighting under a late-June truce. But tensions came back this month. US officials say no strike order has been given yet.
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