Crude Oil Jumps More Than 11% After President Trump Threatens Iran
In a national address, President Trump said the United States would "hit Iran hard" and "send them to the Stone Age," prompting a sharp move in oil prices.
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Terms & Concepts
Crude oil: Unrefined petroleum that serves as a benchmark commodity and often reacts sharply to geopolitical tensions affecting supply expectations.
Geopolitical risk: Market risk tied to political or military events that can disrupt trade flows, energy supply, or broader investor sentiment.