Oil jumps to highest price since 2022 after report Trump to be…
Oil prices jumped on Thursday in Asia after a report that the US military is set to brief President Donald Trump on new plans for potential action in the Iran war. Energy prices have risen this week as peace talks appeared to have stalled, with the key Strait of Hormuz waterway remaining effectively closed. US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran in a moved aimed to break the deadlock in negotiations with Tehran, news site Axios reported.
Another plan focused on taking over part of the Strait of Hormuz so that it can be reopened for commercial shipping, Axios reported, adding that doing so could involve troops on the ground. The US said it would blockade Iranian ports for as long as Tehran continues to threaten vessels that try to use the Strait of Hormuz, severely disrupting global energy shipments. The BBC also understands that energy executives met Trump on Tuesday to discuss ways to limit the impact of the war on US consumers, fuelling concerns in the market about an extended disruption to energy supplies.
Analysis: Why This Matters
This story matters because events involving US Central can ripple across regions and shape diplomatic conversations.
Key Takeaways
- Oil prices jumped on Thursday in Asia after a report that the US military is set to brief President Donald Trump on new plans for potential action in the Iran war.
- The BBC has contacted US Central Command and the White House for comment.
- The US said it would blockade Iranian ports for as long as Tehran continues to threaten vessels that try to use the Strait of Hormuz, severely disrupting global energy shipments.
Expect more international reaction in the coming hours; this story is far from settled.
Source: BBC World