President Trump’s vow to hold Iran responsible for any future attacks by the Houthis on American ships in the Red Sea sent crude oil prices up on Monday.
“Every shot fired by the Houthis will be looked upon, from this point forward, as being a shot fired from the weapons and leadership of IRAN,” Trump said in a post on social media platform Truth Social, according to the Associated Press.
West Texas Intermediate crude gained 40 cents or 0.6% to close at $67.58 per barrel on the New York Mercantile Exchange.
Global standard Brent crude rose 40 cents or 0.57% to finish the day at $70.98 per barrel.
Natural gas finished down 9 cents or 2.10% to $4.02 per MMBtu.
The majority of Oklahoma energy stocks were in positive territory on Monday with one noted exception—Empire Petroleum Corp. It fell nearly 8% in trading.
