Doha: Oil prices climbed nearly 7% on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.
According to Qatar News Agency, Brent crude futures rose $6.84, or 6.8%, to $108 per barrel. U.S. West Texas Intermediate crude futures were up $6.40, or 6.4%, to $106.52 per barrel. The gains followed an earlier fall of more than $1 in both benchmarks prior to Trump's televised speech to the nation, after having settled lower in the previous session.