Oil prices rose as President Trump declared that Iran would be held responsible for any future Houthi attacks. U.S. crude futures increased to $67.58 per barrel, while Brent crude reached $71.02 per barrel. Trump’s comments followed new U.S. airstrikes against the Houthis, with Defense Secretary Hegseth confirming the continuation of military actions until the attacks cease.
On Monday, oil prices experienced an uptick after President Donald Trump indicated that Iran would be held accountable for any future attacks conducted by the Houthis, a Yemeni militant faction known for targeting commercial shipping interests. U.S. crude oil futures advanced by 40 cents, equivalent to a 0.6% increase, reaching $67.58 per barrel. Additionally, global benchmark Brent crude rose by 44 cents, or 0.62%, to $71.02 per barrel.
Trump asserted on the social media platform Truth Social, “Every shot fired by the Houthis will be looked upon, from this point forward, as being a shot fired from the weapons and leadership of IRAN. IRAN will be held responsible, and suffer the consequences, and those consequences will be dire!” This message follows recent U.S. airstrikes against the Houthi group.
Defense Secretary Pete Hegseth stated that the U.S. military operations would persist until the Houthis cease their aggressive actions. He emphasized, “This campaign is about freedom of navigation and restoring deterrence. The minute the Houthis say we’ll stop shooting at your ships, we’ll stop shooting at your drones, this campaign will end. But until then, it will be unrelenting.”
In conclusion, the recent comments from President Trump regarding Iran’s accountability for Houthi attacks have influenced rising oil prices, indicating the impact of geopolitical tensions on the oil market. The ongoing U.S. military campaign aims to protect commercial shipping and restore deterrence in the region, underscoring the critical interplay between political statements and market reactions.
Original Source: www.cnbc.com
