Oil Prices Surge After Trump Demands Immediate Evacuation of Tehran Amid Rising Tensions

WASHINGTON, June 17 (Reuters) — Oil prices jumped on Tuesday following former US President Donald Trump’s dramatic call for the immediate evacuation of Tehran, Iran’s capital, amid growing geopolitical tensions in the Middle East. The appeal, made in a video message late Monday, raised alarm over a potential escalation of conflict in the region — home to some of the world’s largest oil producers. Market traders responded swiftly to the announcement, sending crude prices higher on fears that upheaval could affect the flow of oil through key transit routes, including the Strait of Hormuz. Iran plays a significant role in the world’s energy market, and any disruption to its oil production or delivery could undermine supply and drive prices upward. Analysts say the latest developments underscore the vulnerability of energy markets to geopolitical shocks and highlight the ongoing risks stemming from political tensions in the Gulf. The situation remains fluid, with investors closely monitoring the crisis for further signals that could affect future price movements.

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