The global energy market is in turmoil following U.S. President Donald Trump’s latest address regarding the conflict with Iran. Contrary to hopes for a ceasefire, Trump issued a stern warning of even “more devastating attacks” if Iran refuses to comply with a new agreement. This aggressive stance triggered an immediate spike in international oil prices, with Brent Crude surging nearly 5% to reach $106 per barrel, while West Texas Intermediate (WTI) climbed to $104.

Dubbing the campaign “Operation Epic Fury,” Trump praised allies in Israel and the Middle East for their roles in the conflict. He emphasized that the U.S. is no longer reliant on the Strait of Hormuz, claiming that American domestic oil and gas production now exceeds the combined output of Saudi Arabia and Russia. “Those who depend on Middle Eastern oil must now take responsibility for securing the Strait themselves,” Trump stated boldly. While he hinted at a possible troop withdrawal within two to three weeks, his refusal to provide immediate stability has sent shockwaves through global stock markets and the Sensex, leaving the world on edge about the future of global fuel prices and security.