Under the prospect of further escalation of the US-Iran conflict, oil prices rose during morning trading in Asia, which could lead to increased supply disruptions in the Middle East region. US President Trump threatened that if Iran attacks ships passing through the Strait of Hormuz, Iran's infrastructure will be destroyed; the Strait of Hormuz is a key waterway, and one-fifth of the world's oil transportation will have to pass through this strait. Trump wrote on Truth Social on Wednesday that every time Iran fires on ships in the strait, the US will “bomb and destroy a bridge or power plant,” including infrastructure in or near Tehran. West Texas Intermediate oil futures rose 1.1% to $87.82 a barrel in recent months.

Under the prospect of further escalation of the US-Iran conflict, oil prices rose during morning trading in Asia, which could lead to increased supply disruptions in the Middle East region. US President Trump threatened that if Iran attacks ships passing through the Strait of Hormuz, Iran's infrastructure will be destroyed; the Strait of Hormuz is a key waterway, and one-fifth of the world's oil transportation will have to pass through this strait. Trump wrote on Truth Social on Wednesday that every time Iran fires on ships in the strait, the US will “bomb and destroy a bridge or power plant,” including infrastructure in or near Tehran. West Texas Intermediate oil futures rose 1.1% to $87.82 a barrel in recent months.