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.
