LONDON, April 2 (Reuters) - Oil prices climbed to around $110 a barrel on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.
Brent crude futures LCOc1 were up $7.96, or 7.9%, to $109.12 per barrel at 1302 GMT. U.S. West Texas Intermediate crude CLc1 futures were up $12.48, or 12.5%, at $112.60 per barrel, touching their highest since March 9 and heading for their biggest absolute price rise since 2020.
Still, both benchmarks remained below highs near $120 a barrel touched earlier in the conflict.
“We’re going to hit them extremely hard over the next two to three weeks,” Trump said. “We’re going to bring them back to the Stone Ages where they belong.”
He gave no details on any steps that could lead to a reopening of the Strait of Hormuz.
