Energy
Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
Key Points
- The oil market was hoping that President Donald Trump would present a clear exit strategy in the U.S. war against Iran.
- Instead, Trump vowed to continue the war for weeks and hit Iran “extremely hard” during his national address Wednesday night.
- The oil market is facing the lost of more than 600 million barrels of oil and refined products. Fuel shortages are expected to ripple around the world.
