U.S. crude jumps more than 11% after Trump vows more attacks on Iran

U.S. crude jumped more than 11% and Brent rose about 7% on Thursday amid volatile trading after President Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged oil-supply disruptions. The move signals elevated near-term supply risk and could prompt risk-off positioning, higher energy-driven inflationary pressure, and broader commodity market volatility.

Analysis

U.S. crude jumped more than 11% and Brent rose about 7% on Thursday amid volatile trading after President Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged oil-supply disruptions. The move signals elevated near-term supply risk and could prompt risk-off positioning, higher energy-driven inflationary pressure, and broader commodity market volatility.