Oil prices jump after Trump says no Iran deal needed: 'We've got their Strait'

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Oil prices popped Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight. Brent crude traded 1.6% higher at $94.25 per barrel. West Texas Intermediate futures gained 1.3% to trade at $87.62 per barrel. "We don't need a deal with Iran. Those days have long since passed. We've got their money, Hundreds of Billions of Dollars, and we've got their Strait!" Trump said in a Truth Social post . "The President may be thinking that given enough time, the economic blockade of Iran will force them to either negotiate with the USA or result in a regime change as the Iranian economy collapses.