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The Independent UK
The Independent UK
Shweta Sharma

Oil back above $110 as Asian markets react to Trump’s expletive-laden threat to Iran

Donald Trump Iran Oil United States Tehran Gulf Persian Gulf

Global oil prices have jumped sharply above $110 (£83.38) a barrel, and major stocks ‌were mixed Monday in Asia following Donald Trump’s expletive-laden social media post that threatened to bomb civilian infrastructure in Iran.

Brent crude rose by 0.7 percent to $109.80 while US-traded oil jumped by 0.8 percent at $112.40 as the markets opened Monday in Asia.

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