Global oil markets dismissed Trump’s optimism about a swift end to the war, with Brent crude surging nearly 8% to approach $110 a barrel in the hours following his prime-time address.
US crude rose over 2% to $102 a barrel.
The rally reversed a brief market rally on Wednesday when traders had hoped Trump might announce a genuine off-ramp.
Asian stocks fell sharply on Thursday: Japan’s Nikkei dropped 2.1%, South Korea’s Kospi slid 3.9%, and Hong Kong’s Hang Seng fell 1%.
Iran’s military added to the gloom, dismissing Trump’s claim that it has been weakened, saying the US and Israel face “lasting regret and ultimate surrender.”
The IEA separately warned that April will be the first month with “nothing” in the pipeline from the Middle East, as pre-war cargoes have now run out.
IRGC Dismisses Trump’s War Claims And Vows ‘Ultimate Surrender’ For US And Israel
The IRGC issued a defiant statement on Thursday dismissing Trump’s assertion that five weeks of bombing has left the country weakened, declaring the US and
2 April 2026
