Oil prices jump 7% after Trump says U.S. will hit Iran hard

Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles.

# Oil prices jump 7% after Trump says U.S. will hit Iran hard Oil rose sharply amid renewed tensions in the Middle East after Iran launched an attack on U.S. forces using ballistic missiles. **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/29/oil-prices-today-brent-wti-iran-us-hormuz.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*