Oil Hits $111 a Barrel as Trump Speech Crushes April 1 De-escalation Rally
Trump delivered the speech on Wednesday night, warning Iran could be introduced “again to the Stone Ages” inside two to a few weeks. The deal with erased beneficial properties constructed within the prior session on stories of doable de-escalation and a possible reopening of the Strait of Hormuz. Buyers had priced in a fast finish to the battle that started Feb. 28, 2026. That commerce unwound actual quick.
West Texas Intermediate (WTI) crude climbed as excessive as $111.50 per barrel intraday, a acquire of roughly 11%. WTI now stands at $103.6 on the day’s shut. Brent crude reached roughly $108 per barrel and sits there at press time. Gas-sensitive shares absorbed the hit instantly. Delta Air Traces, United Airways, American Airways, Carnival, Royal Caribbean, and Norwegian Cruise Line every fell between 2% and 4%.
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