NAIROBI, April 2 – Global oil markets surged on Thursday after Donald Trump signaled that the United States would continue its military campaign against Iran, heightening concerns over prolonged supply disruptions.
Brent crude rose by $6.84, or 6.8%, to trade at $108 per barrel, while West Texas Intermediate crude climbed $6.40, or 6.4%, to $106.52 per barrel.
Markets reacted sharply to the absence of any clear timeline for de-escalation or diplomatic resolution. Analysts say the lack of a defined ceasefire pathway has reinforced fears that the conflict could persist, keeping energy markets under pressure.
“Without any indication of a ceasefire or diplomatic off-ramp, markets are pricing in sustained geopolitical risk,” analysts noted, pointing to growing uncertainty around global supply chains.
Tensions have increasingly spilled into critical energy transit routes. Maritime risks have escalated following reports that a tanker leased to QatarEnergy was struck by an Iranian missile in regional waters, raising alarms over the safety of oil shipments.
The International Energy Agency has warned that supply disruptions could begin to impact European economies as early as April, as previously secured cargo flows diminish.
Analysts say oil prices could climb further if the conflict intensifies or shipping routes face additional threats, particularly around key chokepoints for global energy trade.
With no immediate signs of de-escalation, energy markets remain highly sensitive to geopolitical developments, as investors brace for continued volatility across commodities and global financial markets.
