International oil prices jumped nearly $3 per barrel after U.S. President Donald Trump issued a strong warning to Iran, saying Washington could take tough military action if ongoing diplomatic efforts fail.
The comments fueled concerns over potential disruptions to global energy supplies and heightened tensions in the Middle East. Adding to the rally, fresh U.S. data showed a sharper-than-expected decline in crude oil inventories, signaling robust demand and tighter market conditions.
The combination of geopolitical uncertainty and shrinking stockpiles prompted traders to increase bets on higher oil prices. Brent crude and U.S. benchmark WTI both posted solid gains as investors weighed the risks of supply disruptions against strong consumption trends. Energy analysts said markets are likely to remain volatile as developments in U.S.-Iran relations continue to unfold.
The latest surge in oil prices could add pressure on fuel costs and inflation worldwide, with governments and businesses closely watching the evolving situation.
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