Oil prices increased on Wednesday as President Donald Trump signaled skepticism toward renewed nuclear negotiations with Iran, emphasizing that the United States would take action if shipping routes in the Red Sea were obstructed. The escalation coincided with the eleventh consecutive night of strikes between U.S. forces and Houthi militants in Yemen, who continue to target commercial vessels. Brent crude rose above $95 per barrel, reflecting heightened concerns over supply security and contributing to global inflationary trends.
On Horizons Middle East & Africa, experts analyzed how ongoing regional instability affects energy markets and economic stability. Secretary of State Marco Rubio cast doubt on Iran’s commitment to diplomacy, while Defense Secretary Pete Hegseth informed Congress that military actions have already disrupted critical supply chains. With no immediate diplomatic breakthrough expected, analysts anticipate sustained pressure on oil prices, complicating efforts by central banks to manage inflation.