Crude oil benchmarks rallied sharply after Trump publicly deemed Iran’s proposed peace terms unacceptable. U.S. WTI futures climbed roughly 3% to trade near $80 per barrel, while Brent crude gained just over 4% to trade around $86, reflecting renewed geopolitical risk premiums.

Heightened price swings and increased volatility typically boost trading activity and revenue in major banks’ energy divisions. Goldman Sachs’s commodities sales and trading desk could see elevated volumes and wider bid-ask spreads, potentially lifting quarterly trading results.