Brent oil surged over 7%! Trump: Oil price increases due to attacks on Iran are "not a problem," there is currently an oil surplus.

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U.S. President Trump stated that the temporary truce with Iran has ended, geopolitical risk premiums have returned to oil prices, market concerns over crude oil supply disruptions have rapidly intensified, and international oil prices have surged.

Brent crude oil futures once rose more than 7%, rising to around $80 per barrel; WTI crude oil futures also soared to about $75.50 per barrel.

Trump stated that even if oil prices rise due to the strike on Iran, "it doesn't matter"; "Maybe we will take some other actions that could make oil prices go up a little more, but I don't think it will be by much."

He also stated that we now have an oversupply of oil, and prices will go down. "Oil (supply) will become very abundant, very easy to obtain, and come into effect very quickly."

According to CCTV International News, Trump said that the U.S. has not yet struck Iran's bridges, power facilities, and desalination plants, but if necessary, the U.S. will destroy them.

Trump said that the U.S. military struck Iran's important oil export hub Kharg Island the night before, but he requested not to strike the pipelines, because the U.S. "may take over Kharg Island." He also said that the U.S. may reimpose a maritime blockade on Iran.

Trump said he is not sure whether Iran is sincere in negotiations and stated that a "large-scale attack" may be launched that could "destroy a lot of things."

Overnight, the U.S. military said it had completed strikes against more than 80 targets in Iran. The day before, Iran carried out a series of attacks on merchant ships, including a Qatari liquefied natural gas (LNG) carrier and two large oil tankers. These three incidents constituted the largest day of maritime attacks since the temporary peace agreement took effect in June.

The rebound in oil prices could bring a new round of shock to the already tense global energy market. The further deterioration of the situation in the Middle East has made it even more complicated for shipowners and oil-producing countries in the Gulf region to decide whether to continue transporting crude oil through the Strait of Hormuz.

Risk warning and disclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account the individual investment objectives, financial circumstances, or needs of any particular user. Users should consider whether any opinion, viewpoint, or conclusion in this article is suitable for their specific situation. Investment made based on this is at your own risk. ```