Brent crude futures rose more than 2% on Tuesday. Oil stocks gained in overnight trading with Houston American up 30%, US Energy up 15%.
President Donald Trump called for the evacuation of Iran’s capital Tehran on Monday, hours after he urged the country’s leadership to sign a deal to limit its nuclear program and Israel signaled strikes would continue.
It wasn’t clear if Trump knew of a fresh round of attacks Israel may have planned for the city, which has a population of more than 9 million people. Israel had earlier warned one Tehran neighborhood to evacuate and video showed massive traffic jams as people sought to escape. Soon after Trump’s post, Iran’s Fars news agency reported several explosions east of the city.