Oil prices extend climb after Trump's Iran speech

Oil prices extended gains on Thursday in the wake of U.S. President Donald Trump threatening further heavy strikes on Iran, dampening hopes of de-escalation.

The main U.S. oil contract, West Texas Intermediate, jumped 10.3 percent to $110.47 per barrel.

International benchmark Brent North Sea crude rose 8.2 percent to $109.40 per barrel.