Trump’s Iran Sanctions Push Oil to Fifth Day of Gains
📡 Bloomberg Markets · 1 min read ·
Part of composite article Iran Threatens Strikes on European Bases if US Escalates War View full article →
Oil prices rose for a fifth straight session on Monday, following US President Donald Trump’s announcement of new measures aimed at crippling Iran’s economy. The package, which targets key sectors of the Iranian financial system, has renewed concerns over global supply disruptions. Analysts note that the market’s reaction reflects persistent worries about tighter crude availability, though no immediate supply cuts have been confirmed. The sustained increase marks the longest winning streak for oil in recent weeks, as traders weigh geopolitical risk against broader economic uncertainty.