Global oil prices increased following remarks by US President Donald Trump suggesting potential military action against Iran if a memorandum of understanding between the two countries is not implemented. Trump stated that the United States would 'shoot again' and 'bomb again' if the agreement fails, prompting renewed concern in energy markets.

According to a Reuters report cited by Al Jazeera, Brent crude futures rose by 54 cents, or 0.7 percent, to reach 79.50 dollars per barrel. Meanwhile, US West Texas Intermediate (WTI) crude increased by 49 cents, or 0.6 percent, to 76.54 dollars per barrel. The comments triggered a modest rebound in prices after recent declines.

Despite the uptick, the report noted that global oil prices remain near their lowest levels in the past three months, indicating continued market caution amid geopolitical uncertainty.