Thursday, April 2, 2026

TRUMP'S "BACK TO THE STONE AGE" RHETORIC FUELS OIL PRICES

By Marc Jones
Reuters

LONDON, April 2 - Oil prices surged and global equity and bond markets recoiled ​again on Thursday after U.S. President Donald Trump dashed hopes of a swift resolution to the Middle East war.

Brent crude jumped more than ‌7 percent  to above $109 a barrel after Trump said in a disjointed prime-time address on Wednesday that the U.S. would hit Iran "extremely hard" in the coming weeks and "bring them back to the Stone Ages where they belong".

Although he also said the U.S. campaign was nearing an end, the renewed rhetoric sent the pan-European FTSEurofirst 300 and Wall Street futures down by between 1.3 percent and 1.8 percent, after Asian stocks had taken ​a beating overnight.

Government bond yields jumped on expectations that an inflation spike would force central banks to raise interest rates, or at least keep them on hold.

The dollar, which ​has reasserted its role as a safe-haven currency, rose too, pushing the euro down 0.5 percent to $1.1526 and sterling below $1.32. /FRX

"Over the past 48 hours, Tehran ⁠and Washington have exchanged a cacophony of statements, some suggesting rising odds of de-escalation. At the same time, kinetic action has continued unabated," BCA Research's Felix-Antoine ​Vezina-Poirier said.

3 comments:

Anonymous said...

Kristi Noem was the Great Whore of Babylon, Revelation 17 &18, just Google her in a red dress and Google Revelation 17, and the same lady wearing a red dress is on the Beast.Prophecy is being fullfilled before your. Very Eyes.👁️👁️

kok said...

Trump and the Republicans are tyrants and war criminals.

"Send them back to the stoneage."

That's why you sick motherfuckers in the Republican Party are done. No one is going to tolerate you bigotry and racism.

Religion has folks thinking dumb shit. Kristi Noem is the Great Whore of Babylon. Nice.

Anonymous said...

What’s the going rate for a date with the puppy killer? I’ll ask Corey.

rita