WTI oil rises for third day as Trump threatens Iran strikes

West Texas Intermediate (WTI) crude oil extended its rally for a third straight session on Wednesday, trading around $79.20 per barrel during Asian trading hours. The move higher follows remarks by US President Donald Trump warning of further military strikes against Iran.

Trump's threats have renewed supply concerns in the Middle East, a key oil-producing region. Market participants are now assessing the potential for disruptions to crude flows should the conflict escalate. No further details on the timing or scope of possible strikes were provided.