Trump Threatens Iran Oil Strike as Brent Crude Hits $115 in War Surge
Oil prices spiked sharply as the Iran war escalated, with Brent crude briefly touching $115 a barrel while U.S. markets attempted a partial rebound. The surge is being driven by new threats from President Donald Trump and growing concerns over global supply.
The tension centers on whether the conflict will disrupt key oil routes long enough to trigger a deeper economic shock. Investors are weighing rising energy costs against mixed signals about potential peace talks.
According to CBS News and Reuters, Brent crude hit $115 Monday after Trump warned the U.S. could destroy Iran’s oil infrastructure if the Strait of Hormuz is not reopened. That passage carries roughly one-fifth of the world’s oil supply, making it a critical pressure point.
At the same time, Trump said there has been “great progress” in negotiations, but Iranian officials have denied any direct talks, creating a gap between public claims and confirmed diplomacy.
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“We will…obliterate their oil infrastructure if a deal is not reached,” Trump said in a statement, according to OilPrice.com.
The price surge reflects broader instability, with U.S. and Israeli strikes, Houthi attacks, and troop deployments expanding the conflict across the region. Analysts warn prolonged disruption could drive inflation higher and strain global markets.
U.S. stocks showed modest recovery after entering correction territory last week, suggesting investors are still betting on a possible diplomatic outcome despite rising risks.
Markets are now watching whether negotiations materialize or if further escalation pushes oil even higher in the coming days.
For now, prices remain volatile as the situation continues to evolve.
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