You are currently viewing Oil Prices Climb as Trump Calls for Iran’s ‘Surrender’

They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.

U.S. oil prices rose more than 4 percent on Tuesday, to around $75 a barrel, on fears that the United States could become more involved in the conflict between Israel and Iran.

So far, the fighting has not seriously disrupted global energy flows even though some production and processing facilities in both countries have been affected. That helped keep a lid on oil prices in recent days.

But on Tuesday, President Trump demanded that Iran “surrender.” He said on social media that the United States knew the location of Iran’s supreme leader, Ayatollah Ali Khamenei, but that “we are not going to take him out (kill!), at least for now.” The president also held a meeting of his national security team at the White House.

Oil prices, which

Leave a Reply