President Donald Trump has threatened to order new airstrikes against Iran and potentially restart a naval blockade of Iranian ports, marking a sharp reversal in US policy toward Tehran.
The comments, made for the second consecutive night, have triggered a volatile reaction in global energy markets as investors reassess the risk of a broader regional conflict.
Brent crude surged past $80 per barrel in response to the heightened geopolitical tension, erasing recent gains made during periods of de-escalation.
Trump characterized Iran's leadership as a "cancer" that must be removed, signaling a hardline stance that contrasts with earlier diplomatic overtures.
Brent crude surged past $80 per barrel in response to the heightened geopolitical tension, erasing recent gains made during periods of de-escalation.
The price move reflects immediate market anxiety over potential disruptions to Middle Eastern oil flows and shipping routes, particularly through the Strait of Hormuz.
WTI crude also climbed, tracking the broader risk premium being priced into energy assets.