# Trump surprised everyone by escalating attacks in Iran.

*business · news · 2026-04-02 · Investing.com*

## Key points

- WTI crude oil briefly traded above Brent crude, reversing their usual price relationship.
- Oil futures contracts rose less sharply than spot prices after Trump's escalation in Iran.
- US 10-year and 2-year Treasury yields spiked overnight but quickly reversed during market hours.
- Market participants treated the oil spike as temporary, with US stocks recovering sharply within 90 minutes.

**Countries:** Iran, United States

[Read the full story on Investing.com](https://www.investing.com/analysis/oil-surges-stocks-swing-and-dip-buyers-return-after-trumps-iran-move-200677796)

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