Brent Crude Approaches $90: Trump Says Iran Will "Pay" for the Killing of U.S. Military Personnel

Oil prices approached intraday highs after U.S. President Donald Trump stated that Iran would “pay” for the killing of American soldiers. “Every time Iran kills an American soldier, it pays dearly for that killing!” the U.S. president wrote on Truth Social.

Brent futures then jumped 1.8% to $89.7 per barrel (they rose to over $91 at their intraday high amid new U.S. strikes on Iran ), WTI is trading around $83.7—1.4% higher than its last closing price.

The Hill notes that this was the U.S. president’s response to the Pentagon’s identification of two American soldiers killed in an Iranian attack in Jordan over the weekend. Also in recent days, a third U.S. service member was killed in Iraq as a result of a “controlled detonation” of an Iranian drone.

A few hours before Trump’s post appeared, Brent prices had fallen to $86 per barrel, and WTI futures were trading at around $80—market participants were reacting to statements by Esmail Baghai, a spokesperson for the Iranian Ministry of Foreign Affairs. At a press conference, he said that despite the ninth day of mutual shelling between the U.S. and Iran in the Middle East, mediators in the talks between Washington and Tehran continued to exchange messages with the Iranian side. Meanwhile, Reuters, citing a high-ranking Iranian official, reported on an attempt to renew a temporary peace agreement between the U.S. and Iran. According to the agency’s source, the mediators conveyed to Tehran a proposal to de-escalate the conflict, which calls for a 10-day ceasefire. Such a pause would allow for exploring ways to establish a longer-term truce in the Middle East. Reuters did not specify which side had initiated this proposal.

This article was AI-translated and verified by a human editor