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Crude futures settle higher amid U.S. threat of continued massive airstrikes on Iran

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Crude futures settle higher amid U.S. threat of continued massive airstrikes on Iran

2026-03-14 09:14 Last Updated At:12:47

International oil prices rose sharply after U.S. President Donald Trump said in a media interview on Friday that the U.S. military would continue to launch massive airstrikes against Iran next week.

Trump's remarks heightened tensions in the Middle East and fueled market concerns over disruptions to global energy supplies.

The West Texas Intermediate for April delivery increased by 2.98 U.S. dollars, or 3.11 percent, to settle at 98.71 U.S. dollars a barrel on the New York Mercantile Exchange.

Brent crude futures for May delivery gained 2.68 dollars, or 2.67 percent, to settle at 103.14 U.S. dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher amid U.S. threat of continued massive airstrikes on Iran

Crude futures settle higher amid U.S. threat of continued massive airstrikes on Iran

A Chinese mainland spokesperson on Wednesday slammed Taiwan leader Lai Ching-te over his latest remarks on cross-Strait relations, accusing him of promoting secessionism and escalating tensions across the Taiwan Strait.

Chen Binhua, spokesperson for the Taiwan Affairs Office of the State Council, said in a press release that Lai's speech marking his second anniversary in office was "filled with lies and deception, hostility and confrontation."

Chen accused Lai of stubbornly adhering to a secessionist stance in pursuit of "Taiwan independence," while exaggerating the so-called threats from the mainland and intensifying confrontation across the Strait.

Lai played an old trick of advocating the secessionist agenda on one hand and, on the other, calling insincerely for dialogue and exchanges with the mainland, attempting to mislead people in Taiwan and deceive the international community, he said.

Chen said that these common tricks have been seen through by more and more Taiwanese people. Their deceptive and provocative actions will be met with firm opposition from compatriots on both sides and the international community, and are doomed to fail.

Reaffirming the mainland's position on the Taiwan question, Chen said Taiwan has never been a country, is not one now, and will never become one in the future.

He described the Taiwan question as a historical issue left over from a Chinese civil war in the 1940s.

No election result in Taiwan could alter the fact that Taiwan is part of China or sever the historical and legal bonds linking the two sides of the Strait, according to Chen.

The mainland would never allow any person or force to pursue secessionist activities under any pretext, he added.

Calling secessionists "the chief culprit" who undermines cross-Strait peace, Chen said the mainland would continue to uphold the one-China principle and the 1992 Consensus, unite broadly with Taiwan compatriots, combat secessionist activities, and safeguard peace and stability across the Strait.

Central government spokesperson refutes Lai Ching-te's latest remarks, warns against secessionist moves

Central government spokesperson refutes Lai Ching-te's latest remarks, warns against secessionist moves

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