Oil futures recorded sharp gains in global exchange trading, with WTI crude reaching $87.33, driven by the escalatory US rhetoric toward the Middle East. While the US Energy Secretary predicted fuel prices would remain high until next year, President Trump moved to refute these estimates, asserting his administration's ability to lower prices despite current geopolitical tensions. This internal administration discrepancy reflects the magnitude of economic pressure on the energy sector amidst the ongoing crisis with Iran.
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Trump Ignites Global Energy Markets as Brent Crude Touches $95.45 per Barrel
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tajdeednews
20 Apr 2026
1 min read
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