Oil Jumps After Trump Says US Doesn’t Need Deal With Iran

The price increase came as markets reacted to Trump's remarks about Iran, which have heightened concerns about potential disruptions to oil flows from the volatile Middle East region. Earlier losses were completely reversed following the president's statement.

Market Response

The conflict involving Iran has roiled energy markets for months, with traders closely monitoring any developments that could affect global supplies. Trump's latest comments suggest continued tensions without diplomatic resolution.