Analyst: Trump's speech drives oil prices soaring, risk premium surges

BlockBeatNews

2026-04-02 13:35:46

BlockBeats message, April 2, crude oil futures prices surged. Earlier, Trump spoke about the Iran war, which dashed traders’ expectations that the Middle East conflict would quickly end. TP ICAP analyst Scott Shelton said in a report: “Most of this week, oil prices were under pressure, and Trump’s remarks caused oil prices to jump overnight. The remarks were more about escalation and getting the job done, with almost no mention of peace talks.” He noted that although this may be intended to push Iran back to the negotiating table, the risk premium has risen sharply. (Jin Shi)

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