Trump Calls Off Scheduled Attack on Iran Amid "Serious Negotiations" Toward Peace Deal
Brent and West Texas Intermediate rose more than 2% as investors weighed deadlocked U.S.-Iran talks and the risk of wider conflict.
- On Sunday, President Donald Trump warned Iran on Truth Social that "the clock is ticking" and there "won't be anything left" if action is not taken soon to finalize a peace deal.
- Tensions escalated following a drone strike on a United Arab Emirates nuclear power plant, compounding conflict between the United States and Iran that has remained deadlocked since late February.
- International benchmark Brent crude futures for July gained 1.90% to trade at $111.34 per barrel, while WTI futures for June advanced 2.15% to $107.69 per barrel following Trump's comments.
- European and Asia-Pacific markets are expected to open lower on Monday as investors react to the intensifying United States-Iran conflict, following a broad decline in global stocks late last week.
- Brian Jacobsen, chief economic strategist at Annex Wealth Management, noted markets have pushed into "overbought territory," though strong corporate profits and the durable United States economy remain intact.
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Brent Punches $111 After Trump Aims Arrows at Tehran on Truth Social
Key Facts —The price move: Brent crude jumped 1.9% to $111.31 per barrel in early Asian trading Monday, the highest weekly opening since March 23. WTI gained 2.3% to $107.83. Brent has now risen more than 50% since the Iran war began February 28. —The trigger: On Sunday night Trump posted a Middle East map […] The post Brent Punches $111 After Trump Aims Arrows at Tehran on Truth Social appeared first on The Rio Times.
The Toronto Star
The Latest: World shares and oil prices react to Trump’s warning to Tehran over stalled negotiations
World shares mostly retreated and oil prices jumped Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the
Oil Prices Surge as Trump Warns Iran ‘Clock is Ticking’ for a Peace Deal.
Rising oil prices and stock market uncertainty follow escalating tensions between the U.S. and Iran, with President Trump issuing a stark warning to Tehran.PULSE POINTS WHAT HAPPENED: Oil prices climbed to $110 per barrel on Monday as tensions between the U.S. and Iran escalated. President Donald J. Trump warned Iran that time is running out for peace negotiations on Sunday, while Iran has tightened control over the Strait of Hormuz, a critical …
World Shares Mostly Slip and Oil Prices Bounce Around as Iran Talks Stall
Wall Street pointed toward losses before markets opened and oil prices bounced up and down after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall World Shares Mostly Slip and Oil Prices Bounce Around as Iran Talks Stall.
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