Oil prices have surged to new highs as tensions escalate over Donald Trump’s war in Iran.
Brent crude oil surged to a four-year high Thursday after reports that the president will be briefed on new military options for possible action in Iran, raising concerns over fresh escalation in the Middle East.
The global benchmark jumped as much as 7.1 percent to above $126 a barrel—its highest level since the aftermath of Russia’s invasion of Ukraine in 2022—before easing to trade near $122, Bloomberg reported.
The post Trump’s Warmongering Sends Oil Prices Rocketing to New High appeared first on The Daily Beast
