Oil prices rose today, April 30, to their highest levels since 2022, following a report that the US military would brief President Donald Trump on its plan to launch attacks against Iran.
Brent crude was trading up 4.9% at $123.83 a barrel, at 8:04 am Makkah time, after touching $126.41 earlier in the session. West Texas Intermediate (WTI) rose 2.5% to $109.55 a barrel.
Axios reported today that Trump would receive a briefing later that day from the commander of the US Central Command, Admiral Brad Cooper, about new plans for possible military action against Iran.
One of the plans expected to be presented to Trump focuses on taking control of part of the Strait of Hormuz to reopen it to commercial shipping, in an operation that could involve ground forces, along with the option of carrying out a special forces operation to secure Iran’s stockpile of highly enriched uranium.
Oil prices rose today, April 30, to their highest levels since 2022, following a report that the US military would brief President Donald Trump on its plan to launch attacks against Iran.
Brent crude was trading up 4.9% at $123.83 a barrel, at 8:04 am Makkah time, after touching $126.41 earlier in the session. West Texas Intermediate (WTI) rose 2.5% to $109.55 a barrel.
Axios reported today that Trump would receive a briefing later that day from the commander of the US Central Command, Admiral Brad Cooper, about new plans for possible military action against Iran.
One of the plans expected to be presented to Trump focuses on taking control of part of the Strait of Hormuz to reopen it to commercial shipping, in an operation that could involve ground forces, along with the option of carrying out a special forces operation to secure Iran’s stockpile of highly enriched uranium.
