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Oil hits $100 as Trump considers major military action against Iran: FT

Crypto Briefing 2026-07-24 04:40:01
Context: Oil prices surged to $100 per barrel as US President Trump weighs major military action against Iran, according to a report by the Financial Times. The development has significant implications for global markets, with oil prices reaching a new all-time high. The situation is being closely watched by investors and analysts.

Key Facts

  • Oil prices reached $100 per barrel amid considerations of major military action against Iran by US President Trump, as reported by the Financial Times.
  • The surge in oil prices represents a new all-time high, with a significant increase of 19.5% by December 31.
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