Texas crude oil prices jump 2.71% on Middle East tensions and new Iran sanctions

The price of West Texas Intermediate (WTI) crude oil saw a significant increase of 2.71%, reaching $88.16 per barrel at the opening of trading. This surge is directly linked to the announcement of a new, stringent economic offensive by U.S. President Donald Trump against Iran.

Trump described the initiative as the "most devastating economic operation ever undertaken against any country." The primary objective is to isolate Iran by severing its financial and economic support channels. The offensive specifically targets mechanisms used to circumvent existing sanctions, including oil smuggling, foreign exchange trading, cash transfers, exchange houses, ship registries, and shell companies.

In a strong warning issued via his social media platform, Truth Social, Trump declared that any nation allowing its financial institutions, businesses, airports, or government entities to provide "any kind of lifeline" to Iran would face reciprocal economic consequences. He demanded that all such operations "stop NOW" and affirmed that Washington would closely monitor countries and entities permitting these activities.

This escalation in economic pressure comes amid growing frustration over the lack of progress in reopening the Strait of Hormuz or reaching a resolution to a conflict that has persisted for nearly six months. The intensified sanctions aim to further cripple Iran's economy and limit its global financial engagement.

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cualquier país que permita a sus instituciones financieras, empresas, aeropuertos o entidades gubernamentales proporcionar "cualquier tipo de salvavidas" a Irán afrontará a su vez consecuencias económicas.