Oil Prices Surge to Six-Month High After Trump’s Iran Warning

Oil prices surged to their highest levels in six months as escalating tensions between the United States and Iran stirred concerns about potential disruptions to global supply. Traders reacted strongly after US President Donald Trump issued a new ultimatum to Iran over its nuclear program, creating a geopolitical risk premium in energy markets. These developments not only pushed crude prices higher but also rippled through global markets, affecting energy stocks, inflation expectations, and broader investor sentiment.