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.
Two Jews Stabbed In Antisemitic Attack In Golders Green
Two Jewish men have been stabbed and are in a serious condition after a knifeman ran down Golders Green Road in north London attacking “Jewish
29 April 2026
