Barrel was below US$100 before the declaration on war in Iran and rose 5% after promises of new attacks
The price of a barrel of oil rose again this Wednesday (April 1, 2026) after the announcement by the President of the United States, (Republican Party), about the war in Iran. The value of the commodity was below US$ 100 before the North American started his speech and shot up around 5% when the Republican declared that the war will continue for another two or 3 weeks.
Trump’s speeches reverse a drop in oil prices that preceded the White House speech. The previous day, the value of the main global commodity recorded a decline of 14.5% after reaching close to US$120, the highest value in 4 years.
Here is the timeline, according to data from Investing:
- 21h30 – US$ 99,53
- 21h45 – US$ 99,49
- 10pm (beginning of Trump’s speech) – US$ 102,07
- 10:15 p.m. – US$ 105,06
- 22h30 – US$ 105,23
- 22h45 – US$ 105,95
- 23h – US$ 106,32
- 23h15 – US$ 106,11
- 23h30 – US$ 105,63
In an address to the nation, Trump said he will intensify military attacks on Iran in the next two to three weeks. At the same time, he signaled a possible agreement that would lead to an end to the war, citing that Iran’s new leadership is “less radical and much more reasonable”.
The price of oil has been the thermometer of war. The commodity is sensitive to instability in the Middle East, where the largest producers are located, and mainly due to the Iranian blockade of the Strait of Hormuz – through which around 25% of world oil trade passes. Since the start of the confrontation, the price of a barrel has soared by more than 52%.
Regarding the status of the Strait of Hormuz, Trump did not promise decisive military action to unlock it.
Trump said the strait will be reopened “naturally” in the future, as Iran was “decimated” and will not be able to sustain a blockade. Iran’s idea is opposite and the Iranian regime has already approved the creation of a .
