Oil Climbs After Fresh Trump Threat as US-Iran Peace Talks Begin

Oil prices rose on Monday following renewed threats from former U.S. President Donald Trump against Iran. Trump stated that he would order strikes on Iran if Hezbollah continues its attacks on Israel. This development casts a shadow over ongoing peace talks between Washington and Tehran, raising concerns about potential escalation in the region. The market is closely monitoring the geopolitical tensions, which could impact global oil supply. The specific date of Trump's statement was not provided, but it occurred as U.S.-Iran peace talks commenced.