Brent crude hits $116 a barrel as Trump threatens to ‘blow up’ Iran’s oilwells and export hub

Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’Business live – latest newsThe price of oil hit nearly $117 (£89) a barrel on Monday as Donald Trump threatened to “blow up” and...

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Brent crude hits $116 a barrel as Trump threatens to ‘blow up’ Iran’s oilwells and export hub

Source: The Guardian

Investors nervous over escalation of Middle East conflict as US president says he wants to ‘take the oil in Iran’

Business live – latest news

The price of oil hit nearly $117 (£89) a barrel on Monday as Donald Trump threatened to “blow up” and “completely obliterate” Iranian electricity plants, oilwells and its export hub Kharg Island if it did not agree to a deal.

Brent crude rose after the US president wrote on his social media platform Truth Social that if a deal was not agreed and the strait of Hormuz was not reopened, the US would take further action.

Originally published at

The Guardian

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Brent crude hits $116 a barrel as Trump threatens to ‘blow up’ Iran’s oilwells and export hub

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