Oil news

US President Trump says it is too soon to talk about seizing Iran's oil but does not rule it out, according to NBC

Newsquawk Staff ·

US President Trump says it is too soon to talk about seizing Iran's oil but does not rule it out, according to NBC.

What it means

President Trump's comments about the potential for seizing Iranian oil, while stating it's too soon to consider, reintroduce geopolitical risk into the energy market. This uncertainty may fuel volatility in oil prices, particularly WTI and Brent, as traders assess the likelihood of escalated actions against Iran. For FX markets, the USD may see some movement against safe havens like gold and the JPY as risk sentiment fluctuates.

Related headlines