OMM Newsroom
Global energy prices rose on Thursday after US President Donald Trump said Washington no longer needed an agreement with Iran, Anadolu Agency reported.
“We don’t need a deal with Iran. Those days have long since passed,” Trump said.
European natural gas prices surged 6.7% to €92.50 ($102.20) per megawatt-hour as of 1645 GMT, bringing the weekly gain to 2.15%, according to market data.
Brent crude, the international benchmark, climbed 1.1% to $93.80 per barrel, but remained 4.9% lower for the week. US benchmark West Texas Intermediate (WTI) crude rose 0.55% to $87 per barrel and was still down 4.5% on a weekly basis.
Trump said Washington had secured Iranian financial assets and control of the Strait of Hormuz.
“We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait!” he said.
The Strait of Hormuz is a major global energy shipping route and has long been a flashpoint between Iran and the US, with tensions there carrying significant weight for international oil markets.
