Oil and U.S. gasoline rise as Trump threatens Iran after Jordan attack
Brent climbed back to about $91 a barrel from roughly $83 earlier in the week as renewed U.S.-Iran tensions revived concerns over Middle East supply risk and kept U.S. gasoline elevated.
Oil prices moved higher again Wednesday as U.S.-Iran tensions escalated after Iran fired missiles at a U.S. base in Jordan, pushing Brent crude to about $91 a barrel from around $83 earlier in the week. The rebound still left prices below last week's peak near $101 and below pre-ceasefire highs, but it reinforced concern that renewed hostilities could again threaten Middle East supply routes and regional energy infrastructure. President Trump said Iran would “get a beating” and told Fox News he would “beat the f—ing s— out of” Iran. In the U.S., the average gasoline price stood at about $4.09 a gallon on Wednesday, according to AAA, indicating consumers are still facing elevated fuel costs as crude markets remain sensitive to geopolitical risk.
- Brent crude: A global oil benchmark used to price much of the world's internationally traded crude.
- geopolitical risk: The possibility that conflict or political tensions disrupt markets, trade flows, or physical supply.