Oil markets experienced significant volatility following President Trump’s address. Initially dropping, prices surged after Trump urged other nations to help reopen the Strait of Hormuz, emphasizing Iran’s weakened state and military setbacks. The speech outlined US objectives and suggested alternative fuel sources. Oil markets experienced significant volatility following President Trump’s address. Initially dropping, prices surged after Trump urged other nations to help reopen the Strait of Hormuz, emphasizing Iran’s weakened state and military setbacks. The speech outlined US objectives and suggested alternative fuel sources.
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Oil prices climb after Trump’s speech, brent crude reaches $106, WTI tops $103
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