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Thu, Jun 4, 2026

Crude oil prices soar in global market after Trump’s announcement

Oil prices shoot up after US seizes Iranian ship

ISLAMABAD: Crude oil prices rose in the global market after US President Donald Trump announced the continuation of the Iran war.

The price of British crude oil in the global market increased by 4 percent, after which the new price of British crude oil reached $ 105.55 per barrel, while the price of US crude oil also increased by 3 percent to $ 103 per barrel.

It should be remembered that the US President announced the continuation of the Iran war in his address to the public and said that all military objectives will be achieved very soon.

President Trump also announced that more severe attacks on Iran will be carried out in the next two to three weeks.

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