President signals potential military action if negotiations fail, sending WTI crude prices up 1.3% to $103.35 amid escalating tensions.
US President Donald Trump warned Iran of possible new military strikes within days if a deal to end the conflict remains elusive. The threat follows the recent cancellation of a planned US attack, with Trump indicating a timeline of “two or three days” for further action if no progress is made.
Iran responded defiantly, with an official stating the country is prepared to confront any aggression. The remarks come after a period of heightened tensions, with markets closely monitoring geopolitical risks in the oil-rich region.
Oil markets reacted swiftly, with West Texas Intermediate (WTI) crude rising 1.3% to $103.35 as traders priced in the potential for supply disruptions. WTI, a key global benchmark, is sensitive to Middle East stability due to its role in energy markets.