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Oil prices jump and shares drop after Trump threatens more Iran strikes

Oil prices jump and shares drop after Trump threatens more Iran strikes

The US president said he'll bring Iran "back to the Stone Age" but gave no detail on ending the war.

April 2, 2026 at 04:51 PM Original source
5 agencies covered this story

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Notable Quotes

"To those countries that can't get fuel, many of which refuse to get involved in the decapitation of Iran… build up some delayed courage, go to the Strait and just take it."

— Donald Trump , Politician

"When this conflict is over, the strait will open up naturally. It will just open up naturally."

— Donald Trump , Politician

"The rise was a clear market reality check following the earlier optimism for an imminent ceasefire."

— Alberto Bellorin , Executive

"the worst-case solution for users of the waterway."

— Anne-Sophie Corbeau , Academic

"His speech is indeed disappointing. Trump announced victory while also threatening strikes on Iran’s energy and electricity facilities and saying he might deliver major blows over the next two to three weeks – so effectively it’s business as usual."

— Dilin Wu , Executive

"Trump’s latest address was supposed to reassure markets. It didn’t."

— Maxence Visseau , Executive

"Iran is very unlikely to agree to a temporary ceasefire if it opens the door to future rounds of conflict."

— Will Todman , Academic

"The strait will not be opened based on the 'absurd displays' of the US President."

— Abbas Araghchi , Politician

"We are going to finish the job, and we’re going to finish it very fast. We’re getting very close."

— Donald Trump , Politician

"The centers you think you have targeted are insignificant, and our strategic military productions take place in locations of which you have no knowledge and will never reach."

— Ebrahim Zolfaghari , Politician

"The market has shown disappointment because the speech President Trump made was far less than what the market expected."

— Takashi Hiroki , Executive

All Coverage

Oil prices jump and shares drop after Trump threatens more Iran strikes
BBC Newsvia rss 4 quotes 3 persons

The US president said he'll bring Iran "back to the Stone Age" but gave no detail on ending the war.

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The Washington Postvia ai

Oil prices increased by over 4% and Asian stocks declined after President Trump's address indicating continued aggressive actions against Iran, dampening hopes for a swift resolution to the conflict.

80%
Oil rises 7% and world shares fall after Trump says US will hit Iran hard and 'finish the job'
ABC Newsvia ai 2 quotes 2 persons

Oil prices increased by more than 7% and global shares declined following President Trump's address indicating continued aggressive actions against Iran, raising concerns about prolonged conflict and economic impact.

80%
Oil prices surge over 7% after Trump threatens more Iran strikes
The Straits Timesvia ai 4 quotes 4 persons

Brent crude jumped 7.6% to $108.83 per barrel following President Trump's warning of intensified military action against Iran, raising concerns about prolonged conflict and supply disruptions.

80%
Oil price surges, Asian stocks fall as Trump vows to continue Iran attacks
Al Jazeeravia ai 1 quote 1 person

Oil prices rose over $5 as President Trump announced the U.S. would continue attacks on Iran without committing to a specific timeline to end the war, fueling investor concerns about sustained supply disruptions.

80%