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International Business Times
International Business Times
Business

Top Trump Advisers Reportedly Discussed Chances Of a Prolonged War In Iran. Oil Is Soaring Further.

Iran United States Oil Donald Trump
WTI prices topped $100 on Thursday as the prospect of a prolonged war in Iran take hold. (Credit: Getty Images)

Oil prices soared on Thursdays as the U.S. and Iran keep trading strikes in the Strait of Hormuz and a report detailed that President Donald Trump and advisors reportedly discussed the war dragging on past the end of his term.

Brent crude, the international benchmark, gained 3.90% and stood at $105.16 per barrel at 8:53 a.m. ET, while West Texas Intermediate, the U.S. benchmark, climbed 4.46% and topped $100 per barrel at the same time.

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