Oil Price Surges Amid Escalating US-Iran Tensions

Oil prices experienced a sharp increase following former US President Donald Trump''s demand for Iran''s "unconditional surrender" and his provocative remarks targeting Ayatollah Ali Khamenei. The geopolitical tension in the Middle East intensified after five consecutive days of military exchanges between Israel and Iran, with Trump''s statements adding fuel to the fire.

Trump''s social media post explicitly mentioned knowing the whereabouts of Iran''s Supreme Leader, describing him as an "easy target" while simultaneously claiming no immediate plans for action. This rhetoric came just days after reports surfaced that TRUMP had blocked an Israeli operation to assassinate Khamenei, only to escalate tensions further by asserting US control over Iranian airspace.

Israeli Prime Minister Benjamin Netanyahu attempted to downplay any potential rift with Trump over the blocked operation, but the timing of Israel''s subsequent attacks on Iranian military and nuclear facilities suggests continued coordination. The situation remains volatile, with markets reacting swiftly to each development in this high-stakes geopolitical standoff.