Donald Trump Threats to Iran Brings Major Changes in Oil Price

Photo by Alex Brandon-Pool/Getty Images Oil markets reacted after Donald Trump escalated tensions with Iran, triggering a noticeable spike in global oil prices. The developments tied to the ongoing Iran War have heightened concerns over supply disruptions, particularly around the strategically vital Strait of Hormuz. Donald Trump's threat to Iran spikes oil price The latest jump in oil price came after Donald Trump warned that the US could target Iranian energy infrastructure if the Strait of Hormuz remains closed. In a Truth Social post, he stated, "Tuesday will be Power Plant Day, and . . .