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Home›Commodities›Energy›Global oil prices climb above $87 after Trump vows ret…

Global oil prices climb above $87 after Trump vows retaliation

The move came after Iran targeted U.S. troops with ballistic missiles overnight, prompting the White House to signal heavy strikes in response.

Reported · Written up by our desk · Energy

Global oil prices rose above $87 a barrel after President Donald Trump said the United States would order heavy strikes in retaliation following an overnight Iranian attack on American forces in the Middle East, according to MarketWatch.

The reports said Iran targeted U.S. troops with ballistic missiles, and Trump’s response helped lift crude prices in global trading on Wednesday.

MarketWatch attributed the price jump to the shift in perceived risk tied to the escalating exchange between the two countries.

Latest closeWTI crude $81.23 ▼1.7%

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Sources

MarketWatchGlobal oil prices rise above $87 a barrel after Trump vows retaliation for surprise Iranian attack on U.S. troops
MarketWatchGlobal oil prices rise above $87 a barrel after Trump vows retaliation for surprise Iranian attack on U.S. troops

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