economy
April 2, 2026
Trump's statement about returning Iran to the "Stone Age" raises oil prices again
The price of Brent crude oil rose by about seven percent today after U.S. President Donald Trump announced that American forces will continue to attack Iran "very strongly" in the next two to three weeks and will return the country to the "Stone Age."
TL;DR
- Brent crude oil prices rose about seven percent to $108 per barrel.
- The increase followed President Donald Trump's announcement of strong attacks on Iran.
- Trump stated that Iran would be returned to the "Stone Age."
- Previous statements by Trump about the conflict ending had a short-term cooling effect on oil prices.
- Oil prices have been rising for a month since the start of the U.S.-Israeli attack on Iran.
- Iran's closure of the Strait of Hormuz, through which 20% of world oil passes, is a factor.
- Rising oil prices are pressuring global diesel and gasoline prices.
- New fuel prices in Serbia are expected tomorrow, with current diesel at 213 dinars/liter and gasoline at 188 dinars/liter.