Oil prices climb as Trump issues warning to Iran
Oil prices surged after Donald Trump intensified threats against Iran, causing ripples through global markets. The warning came ahead of planned talks between Washington and Tehran in Geneva. Asian and US markets were subdued due to holidays, but oil and precious metals saw notable movement. Meanwhile, traders are watching developments in artificial intelligence and global economic trends.
What we know
- Donald Trump warned Iran of “consequences of not making a deal” before talks in Geneva.
- Oil prices rose, with West Texas Intermediate nearing $64 per barrel and Brent just under $69.
- US and several Asian markets were closed for holidays, leading to lighter trading activity.
- Gold dropped below $5,000 per ounce, while silver slipped three per cent.
- The AI Impact Summit in New Delhi is drawing attention from tech CEOs and global leaders.
