Brent Jumps to $94.16 After Trump Threatens Iran Strikes and Kharg Island Seizure
Updated
Updated · BBC.com · Jun 11
Brent Jumps to $94.16 After Trump Threatens Iran Strikes and Kharg Island Seizure
3 articles · Updated · BBC.com · Jun 11
Summary
$94.16 a barrel — Brent crude briefly surged about $2 within minutes after Donald Trump said the US would hit Iran "very hard" and seize Kharg Island.
Trump wrote on Truth Social that the US would take control of Kharg Island and other Iranian oil infrastructure, aiming to assume "total control" of Iran's oil and gas markets.
The spike interrupted a pullback already underway Thursday, with Brent sliding from just above $95 after 01:00 BST to just under $92 by mid-morning in the UK.
Prices later eased slightly, but the move showed how quickly threats to Iranian export infrastructure can jolt oil markets.