Oil Surges as Trump Signals Intensified Iran Strikes
Iranian crude oil tanker, Sevda, sails near Bandare Asaluyah, Iran, on Jan. 27, 2026. Sam/ Middle East Images/AFP via Getty Images Oil prices jumped sharply on Thursday after U.S. President Donald Trump signaled an escalation of military action against Iran, dampening hopes for a near-term diplomatic resolution and raising concerns about prolonged disruptions to global