EL7.AI
CommoditiesMediumUpdated×3•Originally published 31 March 2026•Updated 2 April 2026•
1 min read

Trump Vows to Continue Iran Strikes as Oil Prices Surge Over 7%

Key Facts

1President Donald Trump has reportedly told aides that he’s willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed.
2Oil prices saw a record rise in March 2026 as a direct consequence of the ongoing conflict in the region.
3This shift in stance follows a period of military pressure to reopen the waterway, through which a fifth of the world's LNG supplies pass.

President Donald Trump stated in a national address that the United States will continue its military campaign against Iran to 'finish the job' quickly. The President's remarks crushed market hopes for a cease-fire, as investors were specifically looking for a de-escalation plan or an exit strategy during his speech. Following these developments, the oil price rally intensified, with prices surging by more than 7%, surpassing previous gains. The lack of a clear timeline or defined endpoint for the escalating conflict has raised fresh concerns among global investors. These tensions persist as the Strait of Hormuz remains largely closed, a critical passage for a fifth of global LNG supplies. Markets are reacting sharply to the renewed 'war premium' as supply chain concerns and geopolitical uncertainty weigh heavily on sentiment. Analysts expect prolonged volatility in energy markets as long as military operations continue and the duration of the conflict remains uncertain.