Oil prices surged sharply after Trump's dangerous statements on Iran

Oil prices are rising amid new threats from US President Donald Trump against Iran.

This is reported by BAKU.WS with reference to "Interfax".

By 09:13 Baku time, June Brent futures were rising on the London ICE Futures exchange by 1.31 dollars (1.19%), to 111.08 dollars per barrel. On Monday, Brent rose by 0.74 dollars (0.68%), to 109.77 dollars per barrel.

May WTI futures by that time were rising in electronic trading on the New York Mercantile Exchange NYMEX by 2.85 dollars (2.54%), to 115.26 dollars per barrel. In the previous session, the contract rose by 0.87 dollars (0.78%), to 112.40 dollars per barrel.

Trump stated on April 6 that the US could "destroy" Iran completely in the night from Tuesday to Wednesday if Tehran does not unblock the Strait of Hormuz by then. "The entire country can be destroyed in one night, and that night could be tomorrow," he said.

He also stated that possible US strikes on Iranian power plants would not be considered a war crime, but he hopes that carrying them out will not be necessary. Trump noted that Iran has until Wednesday to resolve the conflict, otherwise the US may attack the power plants.