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White House Says Trump Will Not Yield to Iran as Oil Prices Climb Past 101 Dollars

Reported by Aditya Chauhan (Staff Writer) · Indian Express - World ·

Verified — Confirmed by a second source: NDTV - World

Confirmed by a second source: NDTV - World

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WorldWhite House Says Trump Will Not Yield to Iran as Oil Prices Climb Past 101 Dollars
Representative image · Wikimedia Commons

UPDATE - follow-up to US-Iran War Live News Updates: Oil rises as Middle East supply concerns persist amid shipping attacks: A senior White House official told Al Jazeera that President Donald Trump will resist pressure from Tehran and refuse to be swayed by the Iranian government. Washington feels secure because American forces control the Strait of Hormuz while the Iranian economy struggles. The administration expects the adversary's financial collapse to happen naturally over time.

Airport Attacks

Three people died and thirty-six others suffered injuries following drone and missile strikes on two aviation hubs in Saudi Arabia. The General Authority of Civil Aviation reported that Abha International Airport lost two resident women, one from Morocco and one from Algeria, while twenty-eight others got hurt. Riyadh's King Khalid International Airport saw one Sudanese resident lose their life alongside eight injuries. In response, coalition forces launched raids against dozens of military sites across Yemen linked to the Houthis.

Base Footage And Oil

Newly released video footage verified by CBS News revealed that American troops had to evacuate Camp Buehring in Kuwait early in the conflict due to heavy missile and drone bombardments. Meanwhile, shipping analytics show that vessel traffic through the crucial waterway dropped to a two-month low following recent tanker strikes. Crude oil shipments fell by twenty-seven percent from previous wartime peaks to ten point one million barrels daily. Even so, President Trump stated in Texas that the United States moved record amounts of petroleum out of the passage over three consecutive nights. Brent crude futures climbed one point thirty-three percent to reach one hundred and one dollars and fifty-three cents a barrel, while West Texas Intermediate gained one point twenty-six percent to hit eighty-nine dollars and thirty-nine cents.

Context

Energy markets react sharply to disruptions in the Persian Gulf because a massive share of global petroleum transit relies on these maritime trade routes. Regional tensions involving Gulf states and aligned armed groups frequently disrupt both aviation security and commercial shipping lanes. International authorities continue to monitor these military engagements closely as governments attempt to manage soaring fuel costs.

Background: This follows an earlier report, covered earlier on 08 Oct 2026: 'US-Iran War Live News Updates: Oil rises as Middle East supply concerns persist amid shipping attacks'. Read the earlier report →

What changed since yesterday

  1. Three Dead and 36 Injured in Houthi Strikes on Saudi Airports
  2. Oil climbs as Gulf shipping attacks and Saudi airport strikes heighten supply fears
  3. Latest

    White House Says Trump Will Not Yield to Iran as Oil Prices Climb Past 101 Dollars

ExplainerWhy this matters

What Happened

The ongoing conflict between the United States, Israel, and Iran has escalated through renewed military preparations, infrastructure strikes, and attacks on commercial shipping routes in the Persian Gulf.

Why It Matters

These hostilities directly threaten vital global oil supply lines, causing crude prices to surge past one hundred dollars a barrel and pushing governments to release emergency reserves to combat high fuel costs worldwide.

What Happens Next

Observers are watching for potential large-scale American strikes against Iranian energy and nuclear sites ahead of upcoming political elections, alongside ongoing diplomatic and security responses from Gulf nations.

Read more at Indian Express - World →