Oil prices jump after Trump declares economic war on Iran

MarketWatch Thursday 20 August 2026, 10:46 UTC By Nora Redmond 1 min read

Key Points

West Texas Intermediate and Brent crude’s front-month contracts both climbed after President Donald Trump said he was launching a “crushing economic operation” against Iran.

West Texas Intermediate and Brent crude’s front-month contracts both climbed after President Donald Trump said he was launching a “crushing economic operation” against Iran. [Image text:] AMERICAN FREEDOM WILMINGTON.DE IMO9759898 CAN CAEA ONE ONE ONE ONE KLNE ONE ONE LNES

Trump (ORG) Iran West Texas Intermediate (EVENT) Brent (PERSON) Donald Trump (PERSON) Iran (LOCATION)

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Oil prices jump after Trump declares economic war on Iran

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