AS THE world enters the sixth week of the Iran war, US President Donald Trump is growing increasingly frustrated with the fallout of the conflict.
In an expletives-laden social media post on Sunday that drew a sharp backlash from opposition leaders and civil society groups, Trump vowed to strike Iran’s power plants and bridges if the Strait of Hormuz was not opened to all marine traffic by Tuesday.
President Trump also made it clear that the US does not intend to use its own military to break the current blockade of the Strait of Hormuz, instead placing the responsibility on the nations that rely on the waterway for energy.
Crude oil prices climbed back to triple-digit levels in reaction to the President Trump address.
The benchmark Brent crude oil ended the week at USD109 per barrel.
“Likewise, we could expect crude oil and other commodity prices to climb higher in the near-term. In this regard, the benchmark Brent crude oil may re-test its year high level of USD120 per barrel,” said MBSB Research.
Therefore, MBSB recommends taking a long (buy) position on crude oil (and other commodity) related stocks duly supported by fundamental upside.
Over the weekend, Iran reportedly downed at least two US aircrafts including an F-15E fighter jet. These incidents directly challenged President
Trump’s assertion that Iranian air defense systems are “annihilated”.
In reaction to the downing of F-15E fighter jet, President Donald Trump adopted a measured albeit defiant stance, framing the incident a consequence of being in a state of “war”.
While he has avoided a retaliatory verbal outburst in an initial response to the loss, his recent actions and rhetoric point toward an escalation of the conflict in the near-term. —Apr 6, 2026
Main image: vocal.media
