U.S. crude oil prices stayed above the $100‑per‑barrel mark on Thursday, while Brent crude reached its highest level in five months, as President Donald Trump accused Iran of trying to manipulate the oil market.
The West Texas Intermediate (WTI) benchmark remained over $100 a barrel, and the internationally quoted Brent crude rose to a five‑month peak, underscoring continued volatility in global energy markets.
President Trump made the accusation in a Thursday statement, saying Iran was attempting to influence oil prices for its own benefit.
In response, Iranian officials said the country is prepared for warfare, a remark that adds a geopolitical dimension to the already tense oil market environment.
Analysts note that oil prices are highly sensitive to geopolitical developments, and statements from both the United States and Iran can affect market expectations and price movements.
<small>Source: CNBC — read the original story there.</small>