Trump Pledges Oil Price Action as Gulf Strikes Send Crude to New Highs

Amid fresh waves of strikes targeting energy infrastructure across the Gulf, crude oil prices surged to record levels, rattling global markets. Speaking from the Oval Office, President Trump vowed to take “whatever is necessary” to bring oil prices down, signaling potential government intervention as geopolitical tensions escalate. The attacks have disrupted key supply routes, amplifying fears of prolonged instability in energy markets. Traders are now pricing in heightened volatility, with Brent crude climbing ↑ 3.2% in intraday trading. Analysts warn that further escalation could push prices beyond $90 a barrel, echoing the aftershocks of last month’s devastating earthquake in the region, which already strained supply chains. The administration’s next steps remain unclear, but markets are bracing for potential strategic petroleum reserve releases or diplomatic overtures to stabilize the situation.

Words by: Vance Sterling

Crisis & Global Conflict Director