Ankara: Oil prices jumped more than 7% on Wednesday after US President Donald Trump said Washington would respond forcefully to an attempted Iranian attack on US forces in the Middle East. International benchmark Brent crude rose about 7% to around $90 per barrel as of 1400GMT, while US benchmark West Texas Intermediate gained about 7% to $84.60 per barrel.

According to Anadolu Agency, Trump stated that Iran would face a forceful response after the Islamic Revolutionary Guard Corps launched ballistic missiles targeting US forces. The US Central Command confirmed that the missiles were successfully intercepted, with the attack reportedly aimed at a US military base in Jordan.

The renewed hostilities have ended a brief pause in fighting, which had previously pushed oil prices lower earlier in the week due to expectations of possible de-escalation. Supply concerns have also been heightened by attacks from Iran-backed groups, including drone strikes targeting oil facilities in Saudi Arabia's Eastern Region, and growing risks to shipping through the Strait of Hormuz and the Red Sea.

Additionally, data from the American Petroleum Institute indicated that US crude inventories fell by 3.3 million barrels last week, providing further support to the rising oil prices.