Oil spikes above $115 as Trump hints at seizing Iranian oil amid Middle East conflict
TL;DR Summary
Brent crude rose above $115 as the US-Israel-Iran conflict enters its fifth week, with Trump telling the Financial Times he could seize Iranian oil and Kharg Island, fueling supply fears amid Hormuz disruptions. The IEA released 400 million barrels from strategic reserves, US gasoline nears $4 a gallon, and markets swing as traders weigh potential escalation.
- Oil prices are jumping again after Trump threatened to 'take the oil' in Iran Business Insider
- Oil prices climb after Iran warns against US ground invasion CNN
- Oil Prices Jump as Trump Considers Ground Operation. Markets Fear Lengthy Iran War. Barron's
- Oil prices rise with Brent heading for record monthly surge as Iran war enters fifth week cnbc.com
- Oil jumps, stocks slide ahead of U.S. stock market open as Iran war rounds one month NBC News
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