Oil Prices Rise Amid Stalled US-Iran Negotiations Over Strait of Hormuz
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Oil Extends Gains as Trump Says Clock Is Ticking for Iran Deal Oil rose for a third day as the US and Iran remained far apart on a deal to end weeks of war and reopen the crucial Strait of Hormuz.
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BBC BusinessOil prices rose on Monday morning in Asia after US President Donald Trump warned Iran the "clock is ticking" as talks to bring the war to an end have stalled.
FortuneTrump told Axios “the clock is ticking” for Iran and warned if the regime doesn’t make a better deal “they are going to get hit much harder.”
CNBCTrump said a Truth Social post on Sunday that "For Iran, the Clock is Ticking, and they better get moving, FAST, or there won't be anything left of them," adding that "TIME IS OF THE ESSENCE!"
Common Dreams"For Iran, the Clock is Ticking," said the president in a Truth Social post, adding that if a peace deal is not reached soon, "there won’t be anything left of them. TIME IS OF THE ESSENCE!”
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Iranian media meanwhile reported Washington had failed to make any concrete concessions in its response to Tehran's latest proposals to end the conflict.
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Common DreamsIran's Mehr news agency said Sunday that Trump had offered "no tangible concessions" in his response to the Iranians' latest proposal.
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U.S. President Donald Trump's warning to Iran over the weekend signals that the impasse between Washington and Tehran over a peace deal and reopening the Strait of Hormuz could lead to a resumption in armed conflict.
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BBC BusinessTrump's message echoed his threat that a "whole civilisation" would die unless Tehran agreed to a peace deal, shortly before a ceasefire was announced in early April.
FortuneAt the same time, talks between the U.S. and Iran have stalled, keeping the strait shut. Frustrated that the diplomatic channel remains in limbo, President Donald Trump is weighing his military options.
Common DreamsAs with Trump's earlier threats of violence, including one in April in which he declared that Iran's entire civilization would die, "never to be brought back again," Iranian officials said the president's latest comments—which followed his posting of an image of himself on a military ship accompanied by the words, "It was the calm before the storm"—would not be tolerated.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 Common Dreams With the economic impact of the war on Iran linked to President Donald Trump's plummeting approval rating, the president issued his latest threat to destroy the Middle Eastern country Sunday as he demanded negotiators "get moving, FAST" to end the conflict the US and Israel began by choice in February.
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02 BBC Business The global benchmark Brent crude was 1.85% higher at $111.28 (£83.61), while US-traded oil was up by 2.32% at $107.87.
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03 CNBC The strait, prior to the war, saw nearly a fifth of the world's oil and gas supply flow through it.
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04 Fortune Stock futures dipped Sunday as investors were forced to confront the inconvenient reality that the Strait of Hormuz remains closed with oil markets edging closer to a cliff’s edge.
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Sources (5)
- cnbc
- bloomberg
- fortune
- bbc-biz
- commondreams