Oil prices surged by more than four dollars after US President Donald Trump said the United States would continue its strikes on Iran, including energy and oil targets, in the coming weeks, without setting a clear timeline for ending the war. Brent crude futures rose by $4.88, or 4.8 percent, to $106.04 a barrel by 2am GMT. US West Texas Intermediate crude futures climbed $4.17, or 4.2 percent, to $104.29 a barrel. The gains came after both benchmarks had fallen by more than one dollar earlier today, Thursday, ahead of Trump’s speech, and had also declined at the close of the previous session. In a televised address to the nation, Trump said the US military was close to completing its […]
This article was sourced from Middle East Monitor.
Read Full Article on Middle East Monitor →![The average gasoline price in the US climbed above $4 per gallon Tuesday for the first time since 2022 as fighting in the Middle East triggered a sharp rise in oil prices in New York, United States on April 1, 2026. [Lokman Vural Elibol - Anadolu Agency]](https://www.middleeastmonitor.com/wp-content/uploads/2026/04/AA-20260401-40986389-40986387-US_AVERAGE_GASOLINE_PRICE_TOPS_4_PER_GALLON_FOR_FIRST_TIME_SINCE_2022-1.jpg)
