Trump’s vow to retaliate against Iran lifts USD and sends WTI crude to $83.40 per barrel amid supply disruption fears.
US President Donald Trump announced plans for additional military strikes against Iran following intercepted attacks on US forces in Jordan. His remarks, delivered in a private interview, signal heightened tensions between Washington and Tehran, with no indication that diplomatic talks would delay action.
The escalation follows weeks of rising geopolitical risks in the Middle East, where energy supply routes remain vulnerable. Prior to Trump’s comments, oil prices had stabilized after a volatile start to the year, while the USD had traded near multi-month lows against major currencies.
Markets reacted swiftly, with the USD Index (DXY) rising 0.04% to 101.45. WTI crude surged 6.42% to $83.40 per barrel as investors priced in potential disruptions to Middle East energy flows.