Brent oil surged sharply after Trump's statement on Iran

Oil prices rose after declining at the close of the previous session.

This is evidenced by trading data.

The price of June Brent crude futures on the London ICE Futures exchange increased by $5.90 (5.83%), reaching $107.06 per barrel.

May WTI crude futures on the electronic trading platform of the New York Mercantile Exchange (NYMEX) rose by $4.86 (4.85%), reaching $104.98 per barrel.

Investors are assessing the geopolitical situation in the world amid statements by U.S. President Donald Trump. On Wednesday, he claimed that within the next two to three weeks, the United States would deliver powerful strikes against Iran and bomb the country back to the Stone Age.