Oil prices jump to session highs and rise 2%

US WTI crude futures gained 1.6% to $ 58.99 from 6:04 AM ET, while Brent jumped 2.2% to $ 65.02.
Iranian Foreign Minister Mohammad Javad Zarif suggested that allegations that the attacks on Saudi oil countries were “a war action” may be aimed at deceiving US President Donald Trump in a war against Tehran.

Oil prices rose to their highest levels on Thursday as Iran’s foreign minister’s comments heightened geopolitical tensions in the Middle East, while concerns remained about cuts to oil supplies outside Saudi Arabia.

The “act of war” or agency for the War? The remains of #B_Team try to trick @realdonaldtrump into the fight. For their sake, they should pray that they do not receive what they seek. They still pay for the much smaller #Yemen fight they were too arrogant to end 4yrs ago, ”Zarif tweeted.

Zarif told CNN that the Iranian response to a US or Saudi military attack on the Islamic Republic would be “sweeping war”.

Oil prices also backed up after reports that Saudi Arabia asked Iraq for 20 million barrels of crude to supply domestic refineries, raising doubts about whether the Kingdom will be able to return to full production this month following weekend attacks on facilities. main oil./Investing.com

Stay updated with INFOEUROPEFX to find out the latest news about commodities.