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Oil prices surge again after Trump speech on Iran war

Oil prices surged again on Thursday after President Trump did not provide a clear timeline for the end of the Iran war or a potential reopening of the Strait of Hormuz during his nationwide address on Wednesday night. CBS News senior business and tech correspondent Jo Ling Kent has more.

Published April 2, 2026, 10:59 PM
Updated April 3, 2026, 12:04 AM1.8K
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Oil prices surge again after Trump speech on Iran war

Oil prices surged again on Thursday after President Trump did not provide a clear timeline for the end of the Iran war or a potential reopening of the Strait of Hormuz during his nationwide address on Wednesday night. CBS News senior business and tech correspondent Jo Ling Kent has more.

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