Oil Surges as Trump Signals Intensified Iran Strikes
Share
Category: WARS & RUMORS OF WARS
Summary:
Oil prices surged sharply on Thursday following U.S. President Donald Trump’s announcement of intensified military strikes against Iran, which reduced hopes for a near-term diplomatic resolution. Benchmark Brent crude increased by $8.34, or 8.2 percent, to $109.50 per barrel, while U.S. West Texas Intermediate (WTI) rose by $9.23, or 9.2 percent, to $109.35. Both benchmarks reached their highest levels since early March and were set for their largest daily gains in three weeks, though remained below the peaks above $119 seen earlier in the conflict. The price rally followed Trump’s prime-time address on Wednesday, where he pledged to escalate strikes against Iran but did not specify a timeline for reopening the Strait of Hormuz or ending the conflict.
Mysterion Insights
Scripture: {
"scripture_reference": "James 4:1-2 (NASB 1977)",
"scripture_text": "What is the source of quarrels and conflicts among you? Is not the source your pleasures that wage war in your members? You lust and do not have; so you commit murder. And you are envious and cannot obtain
"{
"scripture_reference": "James 4:1-2 (NASB 1977)",
"scripture_text": "What is the source of quarrels and conflicts among you? Is not the source your pleasures that wage war in your members? You lust and do not have; so you commit murder. And you are envious and cannot obtain"
Commentary:
{
"scripture_reference": "James 4:1-2 (NASB 1977)",
"scripture_text": "What is the source of quarrels and conflicts among you? Is not the source your pleasures that wage war in your members? You lust and do not have; so you commit murder. And you are envious and cannot obtain
Prophetic Trend:
{
"scripture_reference": "James 4:1-2 (NASB 1977)",
"scripture_text": "What is the source of quarrels and conflicts among you? Is not the source your pleasures that wage war in your members? You lust and do not have; so you commit murder. And you are envious and cannot obtain
Mysterion Prophetic Impact Rating: C - Measured What does this mean?
Mysterion Ministries exists to preach the Gospel, make disciples, equip the saints, and stand watchfully in these times. If this work strengthens your faith or understanding, you’re invited to learn more about supporting the ministry.
Source Excerpt:
Oil prices jumped sharply on Thursday after U.S. President Donald Trump signaled an escalation of military action against Iran, dampening hopes for a near-term diplomatic resolution and raising concerns about prolonged disruptions to global energy supplies. Benchmark Brent crude rose by $8.34, or 8.2 percent, to $109.50 per barrel by 7:39 a.m. ET, while U.S. West Texas Intermediate (WTI) gained $9.23, or 9.2 percent, to $109.35. Both contracts touched their highest levels since early March and were on track for their largest daily gains in three weeks, though still below peaks above $119 reached earlier in the conflict. The rally followed Trump’s prime-time address late Wednesday, in which he vowed to intensify strikes against Iran over the coming weeks, while offering no clear timeline for reopening the Strait of Hormuz or ending the war.......
Original Article: Read the full story →
Source: The Epoch Times
Posted on 04-02-2026 10:44