Trump treatez fo Iran raise crude oil price as fear about Kharg dey grow

Crude oil price jump after Trump yarn say US go strike Iran “very hard tonight” and make move to control important Iranian oil infrastructure, including Kharg Island. Brent waka reach about $93.5/bbl and WTI about $90.8/bbl, as traders dey price higher geopolitical supply risk and dem dey fear more disruption for Iran export routes. Crude oil price still get support from tightening inventory data. US crude stockpiles fall by about 15 million barrels last week (including strategic reserves), while total inventories don drop over 70 million barrels in five weeks—the fastest drawdown since 1980s. Singapore fuel stocks drop to lowest since 2013, show say global product tightness dey. Demand signals mixed. Chinese buyers fit cut Saudi crude imports in July, shipments dey at eight-year low, which fit limit how far crude prices fit run. For traders, the key thing remain Middle East escalation vs diplomacy. US and Iran don exchange strikes again, and ceasefire conditions dey fragile. Watch whether Kharg-related escalation and any wider Strait of Hormuz disruptions go widen the oil premium—or whether diplomacy go cool military activity and quickly reverse the move in crude prices. Crypto market relevance (indirect): higher oil prices fit pressure risk appetite through inflation and macro stress, but the immediate driver na crude/energy risk, so crypto impact likely second-order (rates, USD, and overall risk sentiment).