{"id":47667,"date":"2026-04-02T02:06:13","date_gmt":"2026-04-02T02:06:13","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/47667\/"},"modified":"2026-04-02T02:06:13","modified_gmt":"2026-04-02T02:06:13","slug":"oil-prices-surge-with-brent-rising-5-as-trump-vows-to-hit-iran-extremely-hard-within-weeks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/47667\/","title":{"rendered":"Oil prices surge with Brent rising 5% as Trump vows to hit Iran &#8216;extremely hard&#8217; within weeks"},"content":{"rendered":"<p>The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of Hormuz amid the intensifying West Asia conflict on March 11, 2026 in Mumbai, India. <\/p>\n<p>Hindustan Times | Getty Images<\/p>\n<p>Oil jumped in volatile trading as U.S. President Donald Trump warned of further military aggression against Iran in the next two or three weeks, dampening hopes for an imminent de-escalation in the conflict.<\/p>\n<p>U.S. West Texas Intermediate crude futures for May gained 4.1% to $104.21 a barrel as of 9:45 p.m. ET. International benchmark Brent crude futures for June rose 5% to $106.42 per barrel. <\/p>\n<p>Trump said the U.S. will <a href=\"https:\/\/www.cnbc.com\/2026\/04\/01\/trump-address-nation-iran-live-updates.html\" rel=\"nofollow noopener\" target=\"_blank\">&#8220;hit&#8221; Iran &#8220;extremely hard&#8221;<\/a> over the next two or three weeks during a national address on Wednesday. &#8220;We&#8217;re going to hit them extremely hard over the next two to three weeks,&#8221; he said. &#8220;We&#8217;re going to bring them back to the stone ages, where they belong.&#8221;<\/p>\n<p>Trump added that the war won&#8217;t last long and discussions with Tehran &#8220;are ongoing,&#8221; leaving a diplomatic resolution on the table. &#8220;We are going to finish the job, and we&#8217;re going to finish it very fast,&#8221; he said. <\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>Brent <\/p>\n<p>Earlier on Wednesday, Trump said in <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116329512466946656\" target=\"_blank\" rel=\"nofollow noopener\">a post on Truth Social<\/a> that Iran had <a href=\"https:\/\/www.cnbc.com\/2026\/04\/01\/trump-iran-war-ceasefire.html\" rel=\"nofollow noopener\" target=\"_blank\">asked for a ceasefire<\/a>, raising hopes for more oil tanker movement through the Strait of Hormuz. Traffic in the vital strait, which used to see 20% of the world&#8217;s oil and gas flows through, has effectively ground to a halt since the U.S.-Israel war against Iran began on Feb. 28. <\/p>\n<p>Iran&#8217;s <a href=\"https:\/\/www.cnbc.com\/2026\/04\/01\/trump-iran-war-ceasefire.html\" rel=\"nofollow noopener\" target=\"_blank\">&#8220;New Regime President&#8221;<\/a> has asked the U.S. for a ceasefire, a request will only be considered if the Strait of Hormuz is &#8220;open, free, and clear,&#8221; Trump said. &#8220;Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!&#8221; <\/p>\n<p>The Islamic Republic, however, has <a href=\"https:\/\/www.aljazeera.com\/news\/2026\/4\/1\/iran-denies-trumps-claim-iranian-president-requested-ceasefire\" target=\"_blank\" rel=\"nofollow noopener\">denied Trump&#8217;s claim<\/a>, saying that the waterway won&#8217;t be reopened based on the U.S. leader&#8217;s &#8220;absurd displays&#8221; and that the key transit route remains <a href=\"https:\/\/www.bloomberg.com\/news\/live-blog\/2026-03-31\/iran-war-updates-trump-markets-optimism\" target=\"_blank\" rel=\"nofollow noopener\">&#8220;decisively and dominantly under the control of the IRGC Navy.&#8221;<\/a> <\/p>\n<p>The two sides have frequently contradicted each other&#8217;s claims about the existence and status of peace-deal talks since the war started. Trump has also sent conflicting signals, reportedly saying negotiations were close to producing a peace deal, but the U.S. was also prepared to escalate fighting by sending thousands of troops to the region.  <\/p>\n<p>Brent oil <a href=\"https:\/\/www.cnbc.com\/2026\/04\/01\/oil-prices-today-brent-wti.html\" rel=\"nofollow noopener\" target=\"_blank\">dipped below $100 per barrel<\/a> for the first time in a week after Trump said Tuesday evening that he expected the U.S. military to wind down operations against Iran in &#8220;two or three weeks&#8221; and appeared to be declaring victory even without a negotiated deal with Iran. &#8220;We&#8217;ll be leaving very soon,&#8221; he said. <\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of&hellip;\n","protected":false},"author":2,"featured_media":47668,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[19515,19220,130,208,157,135,126,131,38,147,133,159,585,34,110,589,207,132,123,2407,51,117,109,1869],"class_list":{"0":"post-47667","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-lco26m","9":"tag-lco26u","10":"tag-bp-plc","11":"tag-breaking-news-economy","12":"tag-breaking-news-markets","13":"tag-business-news","14":"tag-chevron-corp","15":"tag-conocophillips","16":"tag-donald-trump","17":"tag-economy","18":"tag-exxon-mobil-corp","19":"tag-foreign-policy","20":"tag-halliburton-co","21":"tag-iran","22":"tag-lp","23":"tag-marathon-petroleum-corp","24":"tag-markets","25":"tag-occidental-petroleum-equity-warrants-exp-3rd-august-2027","26":"tag-oil-and-gas","27":"tag-phillips-66","28":"tag-united-states","29":"tag-united-states-brent-oil-fund","30":"tag-united-states-oil-fund","31":"tag-valero-energy-corp"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116332670671579405","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/47667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=47667"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/47667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/47668"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=47667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=47667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=47667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}