Julie Morgan

I'm Julie Morgan.

Oil prices are up again after President Trump said the country will strike Iran extremely hard over the next two to three weeks.

Oil prices had been down for the last two days as hopes of a potential de-escalation rose after President Trump hinted at ending the conflict soon.

As of the time of this recording, crude futures are up 7% to 107%,

and Brent crude futures are up 7.3% to 108 a barrel.

In a rare primetime address on Wednesday, Trump portrayed the Iran war as nearing success, saying U.S.

forces had largely achieved their objectives, including crippling Iran's missile capabilities and degrading its air force,

Navy, and industrial base.

He said the campaign would weaken Tehran's proxies and block its path to nuclear weapons.

Trump also signaled a potential escalation in military action, saying the U.S.

could intensify strikes over the next two to three weeks and warning Iran would be pushed back to the Stone Ages.

At the same time, he left the door open to diplomacy, saying talks are ongoing.

Sleep Number is down 21% in pre-market action.

The company is seeking rescue financing to prevent bankruptcy.

In its annual report filed with the Securities and Exchange Commission last month, the company warned that it had substantial doubt it could continue as a going concern.

due to high debt, weak sales, and expected financial covenant breaches.

In its most recent quarterly results, the mattress manufacturer reported an 8% decline in fourth quarter sales and a $32 million drop in gross profit due to a $9.6 million inventory obsolescence charge.

Over just the past month, shares have lost more than 71% of their value.

Sam's Club announced on Wednesday that it will raise its annual membership fee by $10 to $60 for basic membership and $120 for its higher tier option.

The price hike will be the first from the retailer since it raised annual fees in October of 2022.