HeadlinesBriefing favicon HeadlinesBriefing.com

Trump's 'Feeling' Triggers Iran Strike, Oil Prices Climb as Middle East War Escalates

Financial Times Markets •
×

White House press secretary Karoline Leavitt stated President Donald Trump launched strikes against Iran based on a 'feeling' the nation was poised to attack US interests. Iran's foreign ministry swiftly condemned the action as an 'illegal war' on X, framing it as aggression 'on behalf of Israel'. Oil prices surged 2.5% to $83.51 per barrel as markets reacted to the escalating conflict and Goldman Sachs raised its Brent forecast. Saudi Arabia intercepted three cruise missiles near Prince Sultan Air Base, while Iran retaliated with attacks on Saudi Arabia's Ras Tanura oil facility and targets in Kuwait, the UAE, and Oman.