Why Is WTI Trading Higher Than Brent?

US President Donald Trump's address to the nation has rattled markets, causing oil prices to jump, while French President Emmanuel Macron criticized Trump's remarks on the war with Iran. The conflict has led to increased tensions, with US-Israeli strikes hitting a medical research facility in Iran and dozens of rockets being fired at northern Israel.
The US-Iran conflict has escalated, with oil prices rising after President Trump's address. Trump signaled the US is prepared to intensify its military response. Iran's military dismissed Trump's claim that it has been weakened. US-Israeli strikes hit a medical research facility in Iran. Dozens of rockets were fired at northern Israel. Iranian human rights lawyer Nasrin Sotoudeh was arrested from her home. Gas prices are spiking in states Trump won, with Utah, Arizona, and Florida experiencing the biggest hikes. Qatar demanded reparations from Iran for damages and losses resulting from Tehran's attacks.
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