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Oil rises after Trump threatens fresh strikes on Iran, overshadowing peace talks
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- President Donald Trump threatened renewed military action against Iran, raising concerns about the durability of a fragile interim peace agreement reached last week.
- Trump made the threat on Sunday, even as Vice President JD Vance met Iranian officials in Switzerland for the first talks under the interim accord.
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Oil prices climbed Monday after U.S. President Donald Trump threatened renewed military action against Iran, raising concerns about the durability of a fragile interim peace agreement reached last week.
Trump made the threat on Sunday, even as Vice President JD Vance met Iranian officials in Switzerland for the first talks under the interim accord. The meeting was overshadowed by Tehran's announcement that it had once again closed the Strait of Hormuz, a key route for global oil shipments.
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