Trump administration considers military escalation against Iran; oil prices rise to $88/barrel on geopolitical risk.
Macro & Markets ·
The Trump administration is sending additional refueling planes to Israel ahead of a potential offensive against Iran that could involve bombing infrastructure facilities including power plants and nuclear sites, according to reporting from Axios. A decision on such escalation could come within days. Brent crude oil prices have risen toward $88 per barrel amid the geopolitical risk.