Market News

    Oil prices rebound above $105/bbl after Trump vows to hit Iran ‘extremely hard’

    Oil prices rose sharply in Asian trading on Thursday, reversing earlier losses, as U.S. President Donald Trump said the U.S. will strike Iran "extremely hard" over the next two to three weeks.

    As of 21:47 ET (01:47 GMT), Brent Oil Futures expiring in June climbed 4.2% to $105.41 per barrel, while West Texas Intermediate (WTI) crude futures rose 3.6% to $103.68 per barrel.

    Source : Investing.com