Weekly Crude Oil Gains Amid Iran Warnings, No Conflict De-escalation

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Oil Prices Soar on Iran Warnings, Trump's Stance; Brent Tops $100 Mark

Oil Prices Soar on Iran Warnings, Trump's Stance; Brent Tops $100 Mark

C

CNBC TV18•13-03-2026, 05:08

Oil Prices Soar on Iran Warnings, Trump's Stance; Brent Tops $100 Mark

•Crude oil prices extended gains after hardline comments from US President Donald Trump and Iran's new Supreme Leader Mojtaba Khamenei.
•Brent Crude surpassed $100 for the first time since 2022, while WTI gained 2.2% to $97.85, setting for a weekly advance.
•Mojtaba Khamenei threatened to shut the Strait of Hormuz for oil and gas supply, seeking compensation or destroying 'enemies'' assets.
•Trump stated preventing Iran's nuclear weapon is more important than oil costs; US Energy Secretary Chris Wright admitted the US Navy isn't ready to escort ships through Hormuz.
•WTI and Brent experienced wild price swings this week, with WTI in a $43 band and Brent in a $38 range.

Read Full Article on Cnbc in English

✦

More like this

✦

More like this

The oil market has been been pitched into turmoil by US and Israeli attacks against Iran at the end of last month, a conflict that is hitting energy production and exports

Kharg Attack Ignites Oil Market Turmoil; Global Supply Risks Soar

Crude Oil Price hike

Oil Market Turmoil: Prices Near 7-Month High Amid US-Iran Tensions, Tomorrow Crucial

Representational image (Image: News18)

Asian Stocks Jump as Iran War End Hopes Emerge; Oil Prices Volatile

Oil Prices Soar to Six-Month Highs Amid US-Iran Conflict Fears

Oil Prices Soar to Six-Month Highs Amid US-Iran Conflict Fears

Crude Oil Hits Six-Month High Amid US-Iran Tensions, Supply Concerns

Crude Oil Hits Six-Month High Amid US-Iran Tensions, Supply Concerns

US President Donald Trump. (AFP)

Trump: Oil Price Hike Temporary, "Small Price" for Global Security Amid Iran Attacks