{
  "id": 2180253,
  "title": "Oil hits more than 3-week high as Trump tries to raise pressure on Iran",
  "url": "https://urgent.news/2026/08/20/oil-hits-more-than-3-week-high-as-trump-tries-to-raise-pressure-on-2180253",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T17:02:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260821/oil-hits-more-than-3-week-high-as-trump-tries-to-raise-pressure-on-iran"
  },
  "original_language": "en",
  "account": "Oil prices surged to a three-week high on Thursday, following remarks from U.S. President Donald Trump warning of repercussions for nations supporting Iran. The latest move aims to de-escalate a conflict that has left millions of barrels of Middle Eastern oil stranded. Brent crude futures climbed $2.20, or 2.4%, to $93.82 per barrel, while U.S. West Texas Intermediate crude futures for September increased $2.33 to $88.16 per barrel. Both benchmarks reached their highest levels since July 24 and marked a fifth consecutive day of gains. The September WTI contract is set to expire later on Thursday. On Wednesday, Trump threatened to impose economic warfare and isolation on Iran, advising any country providing any form of support to Tehran with severe consequences. U.S. Treasury Secretary Steve Bressant stated he would hold a press conference on Monday to discuss the specific actions to be taken. The ongoing war has claimed the lives of thousands, with the conflict commencing nearly six months ago when the U.S. and Israel carried out military strikes on Iran. Iran has implemented a blockade of the Strait of Hormuz, further exacerbating the situation.",
  "summary": "NEW YORK — Oil prices rose to more than a three-week high on Thursday after U.S. President Donald Trump warned of retaliation against nations supporting Iran, his latest attempt to resolve a war that has stranded millions of barrels of Middle Eastern oil. Brent crude futures were up $2.20, or 2.4 percent, to $93.82 a barrel at 11:36 a.m. EDT, while U.S. West Texas Intermediate crude futures for…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Ynetnews",
        "title": "Iran calls Trump's ‘Economic D-Day’ a 'distraction from America’s own crisis'",
        "url": "https://urgent.news/2026/08/20/iran-calls-trumps-economic-d-day-a-distraction-from-americas-own",
        "published": "2026-08-20T06:48:40.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Trump says Iran's economy is collapsing. A former central bank adviser in Tehran pushes back",
        "url": "https://urgent.news/2026/08/20/trump-says-irans-economy-is-collapsing-a-former-central-bank-adviser",
        "published": "2026-08-20T08:38:11.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "China slams Trump over economic war on Iran: What to know",
        "url": "https://urgent.news/2026/08/20/china-slams-trump-over-economic-war-on-iran-what-to-know",
        "published": "2026-08-20T14:46:45.000Z"
      },
      {
        "outlet": "SABC News",
        "title": "Trump warns of economic consequences for any country supporting Iran",
        "url": "https://urgent.news/2026/08/20/trump-warns-of-economic-consequences-for-any-country-supporting-iran",
        "published": "2026-08-20T16:18:19.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Oil hits more than 3-week high as Trump tries to raise pressure on Iran",
        "url": "https://urgent.news/2026/08/20/oil-hits-more-than-3-week-high-as-trump-tries-to-raise-pressure-on",
        "published": "2026-08-20T16:52:03.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Iran condemns Trump's new sanctions, calls them ‘economic terrorism,’ ‘crimes against humanity’",
        "url": "https://urgent.news/2026/08/20/iran-condemns-trumps-new-sanctions-calls-them-economic-terrorism",
        "published": "2026-08-20T17:03:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}