WTI Soars Nearly 3% on Trump’s Russia, Iran Threats

U.S. benchmark crude oil prices soared 2.65% on Monday, with West Texas Intermediate (WTI) hitting $71.20, up $1.84 at 11:47 a.m. ET on fears Trump will follow through on more tariff threats for buyers of Russian oil, combined with the prospect of a military response to Iran.  Brent crude was also climbing on Monday, up 1.47% to $74.71.  Two geopolitical deals are in play here. The first is a ceasefire deal over Russia-Ukraine, and the second focuses on a new deal over Iran’s nuclear program.  Late on Sunday, Trump warned that…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com