Oil Prices Surge: Trump’s Iran Standoff Sends Brent Past $126 as Gas Hits $4.30
Brent crude spiked past $126 a barrel on Thursday—its highest since 2014—before sliding back as President Donald Trump got ready to review fresh military strategies on Iran. Tehran threatened to target U.S. assets if attacks restart. Central Command chief Adm. Brad Cooper and other top brass were set to brief Trump on plans aimed at pressuring Iran to the table, a U.S. official told Reuters.