International crude oil prices rose on Friday as US President Donald Trump threatened economic sanctions against Iran’s trading partners, signaling potential supply disruptions. The move triggered a sharp increase in both Brent and West Texas Intermediate (WTI) crude futures, with Brent climbing over 6% and WTI rising nearly 2%. Analysts suggest the sanctions could tighten global supply, affecting markets in the coming weeks.
The warning from Washington comes amid heightened tensions in the Middle East, with Lebanon’s Aoun and Italy’s Meloni discussing Israel’s actions in the region. Iran has also warned that the US threat could destabilize the global economy, citing fears of broader economic fallout. The situation underscores growing geopolitical risks influencing energy markets.
Traders are closely monitoring developments as the potential for sanctions could lead to further volatility. With supply concerns mounting, oil prices remain sensitive to political developments, reflecting the deep ties between global politics and energy markets.
