WTI Crude Nears $100 Following Trump's Remarks on Iran Conflict

AI Summary

WTI crude oil prices have surged, reaching near $100 a barrel, bolstered by recent geopolitical tensions surrounding Iran. Former President Trump commented that the U.S. 'has ammunition and plenty of time' to engage in potential conflict, which has contributed to market volatility and heightened demand for oil. Last week, WTI crude recorded its largest weekly gain since the 1980s, reflecting both supply concerns and escalated geopolitical risks. This spike in oil prices may have significant implications for inflation and energy markets moving forward.