Before the speech, prices had dropped on expectations of de-escalation, leading to a sharp spike when Trump made it clear the war would continue.<\/p>\n
Trump did claim that the U.S. was going to \u201cfinish it very fast,\u201d but he failed to offer any concrete timeline for a ceasefire and then went on to list the length of previous U.S. wars.<\/p>\n For traders, the message was clear that the risk of further escalation remains firmly on the table.<\/p>\n The rally underscores how tightly oil markets are now tethered to geopolitical developments in the Middle East, and specifically the opening of the Strait of Hormuz.<\/p>\n Tensions escalated further this week when an oil tanker leased to QatarEnergy was struck<\/a> by an Iranian cruise missile in Qatari waters. This was shortly after a Kuwaiti oil tanker had been hit<\/a> while anchored at Dubai port.<\/p>\n The latest price spike reflects a market increasingly concerned that disruptions could extend well beyond initial expectations, further adding to the structural tightness in markets.<\/p>\n The International Energy Agency has warned<\/a> that supply disruptions will worsen sharply in April as pre-war cargoes are exhausted, removing a key buffer that had supported markets in March<\/p>\n That warning is now being taken more seriously.<\/p>\n Brent had briefly dipped below $100 before Trump took to the stage, but the lack of clarity and renewed threats quickly reversed that trend.<\/p>\n Equities in Asia turned lower following the speech, with South Korea\u2019s Kospi dropping more than 2%, while futures for U.S. and European indices also slid, reflecting broader concerns about energy-driven inflation and economic drag.<\/p>\n For oil markets, this is rapidly becoming a structural supply story rather than one of geopolitical risk, meaning attempts to jawbone prices lower are likely to be less and less successful.<\/p>\n By Josh Owens for Oilprice.com<\/p>\n More Top Reads From Oilprice.com<\/p>\n","protected":false},"excerpt":{"rendered":"Oil prices surged in early Asian trade on Thursday after President Trump signaled that Washington would continue its…\n","protected":false},"author":2,"featured_media":576913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[32475,45,49,48,16800,22791,202944,9891,172000,78377,221309,3277,16724],"class_list":{"0":"post-576912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-brent-crude","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-energy-markets","13":"tag-geopolitical-risk","14":"tag-iran-war","15":"tag-oil-prices","16":"tag-strait-of-hormuz","17":"tag-supply-disruption","18":"tag-tanker-attacks","19":"tag-trump","20":"tag-wti"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/576912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=576912"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/576912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/576913"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=576912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=576912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=576912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/01\/book.jpg\"\/)
<\/a><\/p>\n