Oil prices reached their highest levels since June 2022 after Brent crude was trading at 119.50 dollars per barrel. The spike was triggered by Trump's statement that he wants to seize Iranian oil and the possible closure of the Strait of Hormuz.

Asian markets fell significantly - Japan's Nikkei lost 3%, South Korea's Kospi 3.4%, and Hong Kong's Hang Seng about 1%. European markets showed more moderate losses.

Natural gas prices in Europe also rose due to supply fears. Dutch monthly futures increased by 1.6% to over 55 euros per megawatt-hour.

The oil price has risen by 59% since the beginning of March, surpassing the previous monthly record of 46% recorded in September 1990 after Iraq's invasion of Kuwait. Analysts warn that oil could reach 150 or even 200 dollars per barrel if the conflict continues.