WTI Soars Nearly 3% on Trump’s Russia, Iran Threats ...Middle East

OILPRICE - Economy
WTI Soars Nearly 3% on Trump’s Russia, Iran Threats
source : OILPRICE ( Middle East ) () 48
U.S. benchmark crude oil prices soared 2.65% on Monday, with West Texas Intermediate (WTI) hitting $71.20, up $1.84 at 11:47 a.m. ET on fears Trump will follow through on more tariff threats for buyers of Russian oil, combined with the prospect of a military response to Iran.  Brent crude was also climbing on Monday, up 1.47% to $74.71.  Two geopolitical deals are in play here. The first is a ceasefire deal over Russia-Ukraine, and the second focuses on a new deal over Iran’s nuclear program.  Late on Sunday, Trump warned that…

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