$CL Crude oil prices rose sharply Wednesday, after President Donald Trump said the U.S. will hit Iran hard in retaliation for an attempted surprise attack on American forces in the Middle East.
Brent crude futures, the international benchmark, gained 7.4% to $90.35 a barrel. U.S. West Texas Intermediate futures also advanced about 7.4% to $85.11.
Trump told Fox News that Iran “is going to get a beating” after the Islamic Revolutionary Guard Corps launched ballistic missiles at U.S. forces. “We’ll be hitting them hard,” the president said.
Iran targeted a U.S. base in Jordan, according to a report from Axios. U.S. Central Command said the missiles were successfully intercepted.
U.S. and Saudi forces, meanwhile, struck “multiple terrorist logistics and weapons sites” in eastern Iraq on Tuesday, retaliating against more than 30 drone attacks in the past three days by “Iran-aligned terrorists,” Centcom said.
Brent crude futures, the international benchmark, gained 7.4% to $90.35 a barrel. U.S. West Texas Intermediate futures also advanced about 7.4% to $85.11.
Trump told Fox News that Iran “is going to get a beating” after the Islamic Revolutionary Guard Corps launched ballistic missiles at U.S. forces. “We’ll be hitting them hard,” the president said.
Iran targeted a U.S. base in Jordan, according to a report from Axios. U.S. Central Command said the missiles were successfully intercepted.
U.S. and Saudi forces, meanwhile, struck “multiple terrorist logistics and weapons sites” in eastern Iraq on Tuesday, retaliating against more than 30 drone attacks in the past three days by “Iran-aligned terrorists,” Centcom said.