{"id":65600,"date":"2026-07-29T08:38:13","date_gmt":"2026-07-29T12:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-markets-surge-as-trump-vows-retaliation-for-iran-linked-attacks\/65600\/"},"modified":"2026-07-29T08:38:13","modified_gmt":"2026-07-29T12:38:13","slug":"energy-markets-surge-as-trump-vows-retaliation-for-iran-linked-attacks","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-markets-surge-as-trump-vows-retaliation-for-iran-linked-attacks\/65600\/","title":{"rendered":"Energy Markets Surge as Trump Vows Retaliation for Iran-Linked Attacks"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Crude oil<\/a> futures surged over 4%<\/strong> and <strong>European natural gas jumped 5.1%<\/strong> following President Trump\u2019s warning of imminent strikes against Iran.<\/li>\n<li><strong>President Trump told Fox News<\/strong> the U.S. will &quot;be hitting Iran hard&quot; in response to surprise attacks on U.S. forces in Jordan that shattered a brief diplomatic lull.<\/li>\n<li><strong>Amphenol (<a href=\"\/stock\/APH\">APH<\/a>) reported record Q2 results<\/strong>, with sales climbing 55% to <strong>$8.8 billion<\/strong> and raising its full-year outlook on strong AI datacom demand.<\/li>\n<li><strong>Boston Scientific (<a href=\"\/stock\/BSX\">BSX<\/a>) executives warned<\/strong> of a more &quot;pressured&quot; second half of 2026, despite forecasting meaningful growth improvement by 2028.<\/li>\n<li><strong>Eni (<a href=\"\/stock\/ENI\">ENI<\/a>) is finalizing new contracts<\/strong> in Venezuela for the Junin V and Corocoro oilfields, aiming to revitalize production under reformed hydrocarbon laws.<\/li>\n<\/ul>\n<h2>Geopolitical Tensions Reignite Energy Volatility<\/h2>\n<p>Energy markets reacted sharply on Wednesday as President Donald Trump signaled a major military escalation in the Middle East. In a phone interview with <strong>Fox News<\/strong>, Trump stated that U.S. strikes against Iran are forthcoming following recent attacks on U.S. targets in Jordan. The President&#39;s rhetoric, including vows to &quot;beat the f*<strong>ing sh<\/strong> out of them,&quot; immediately ended a days-long period of relative calm and diplomatic efforts.<\/p>\n<p><strong>Brent crude<\/strong> jumped 3.8% to approximately <strong>$87.26 a barrel<\/strong>, while <strong>U.S. WTI futures<\/strong> rose over 4% to trade near <strong>$83<\/strong>. European natural gas prices at the <strong>TTF hub<\/strong> also spiked, gaining as much as 5.1% as traders weighed the risk of prolonged disruptions to LNG flows through the <strong>Strait of Hormuz<\/strong>.<\/p>\n<h2>Corporate Earnings: Amphenol Outperforms, Boston Scientific Cautious<\/h2>\n<p>Amphenol (<a href=\"\/stock\/APH\">APH<\/a>) shares surged after the company posted a significant beat in its second-quarter 2026 earnings. The electronics giant reported <strong>adjusted EPS of $1.35<\/strong>, surpassing the <strong>$1.18<\/strong> estimate, driven by a <strong>30% organic sales increase<\/strong>. CEO R. Adam Norwitt highlighted record orders and exceptional growth in the <strong>IT datacom sector<\/strong>, which has benefited from the ongoing AI infrastructure boom.<\/p>\n<p>Conversely, Boston Scientific (<a href=\"\/stock\/BSX\">BSX<\/a>) provided a more tempered outlook during its conference call. While the company expects revenue growth to improve &quot;meaningfully&quot; by 2028, executives noted that the <strong>second half of 2026<\/strong> will be more pressured than originally anticipated. The company is currently navigating a global restructuring plan intended to reduce annual pre-tax expenses by <strong>$500 million<\/strong> by 2029.<\/p>\n<h2>Strategic Moves in Global Oil Supply<\/h2>\n<p>Italian energy major Eni (<a href=\"\/stock\/ENI\">ENI<\/a>) is moving to secure its long-term supply chain by finalizing new agreements in Venezuela. CEO Claudio Descalzi confirmed the company is in the final stages of negotiations for new contracts covering the <strong>Junin V<\/strong> and <strong>Corocoro<\/strong> oilfields. These deals follow a broader reform of Venezuela\u2019s hydrocarbon laws, which now allow minority partners like Eni to take a more direct role in managing operations and sales.<\/p>\n<p>These developments come as the global oil market remains on edge due to the U.S.-Iran conflict. Analysts from <strong>Goldman Sachs<\/strong> and <strong>JPMorgan<\/strong> have warned that continued instability in the Middle East could push Brent prices toward <strong>$114\u2013$120 a barrel<\/strong> if shipping through the Strait of Hormuz remains restricted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Crude oil futures surged over 4% and European natural gas jumped 5.1% following President Trump\u2019s warning of imminent 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