Oil prices jump as Trump Iran deadline approaches, following Kharg Island attack 

Apr 7, 2026 - 17:00
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Oil prices jump as Trump Iran deadline approaches, following Kharg Island attack 
Oil prices rose Tuesday after the latest U.S. attacks on Iran and amid President Trump’s threats of escalation. Prices for U.S. benchmark West Texas Intermediate were up more than 3 percent at $116 per barrel as of Tuesday. The price of international benchmark Brent crude was also up, though the increase was not as dramatic. The…