Oil Surges to $91, Market No Longer Believes Trump

English summary

### Oil Surges to $91, Market No Longer Believes Trump Time: 2026-08-01 11:34:20 Content: As of 09:10 Beijing time on August 1, 2026 update | North America Circle Minutes | Market and Battlefield Information As of the morning of August 1 Beijing time, after US stocks closed, Brent front-month quotes surged to about $91 per barrel. During the day, the market was still trading tech stock recovery, but at night it began buying insurance for another thing: Trump is considering expanding the scope of strikes to Iranian energy facilities. My judgment is direct: the ceasefire agreement is still on paper, and oil no longer believes it. $91 is not confirming that oil fields have been bombed, but is guarding in advance against the next attack no longer hitting only military targets. Figure 1: Verification of the latest US-Iran battle situation. Source: AP, Axios, as of the morning of August 1 Beijing time, compiled by mainline minutes. Turning point: The battlefield is approaching the energy lifeline. What deserves the most vigilance in this round of conflict is not that gunfire has sounded again, but that the target list has changed. Previously, the US military mainly struck Iran's coastal defenses, radar, drone facilities, and transportation nodes; …