Oil prices climb as Middle East tensions and Iran threat fuel supply fears
Crude markets rally amid reports that Donald Trump and his national security team have discussed the possibility of large-scale military action against Iran.
Oil prices rose on Monday as mounting tensions in the Middle East and the prospect of a significant military escalation involving Iran unsettled global energy markets and stoked fresh concerns about supply disruptions.
President Donald Trump and senior members of his national security team have held discussions about potentially resuming large-scale United States military operations against Iran in the coming weeks. The talks have rattled traders, who fear that any armed conflict could threaten oil flows from one of the world's most strategically critical producing regions.
Adding to market unease, Trump indicated he is not inclined to pursue a diplomatic agreement with Tehran, raising the likelihood that tensions could intensify rather than ease in the near term. Analysts warned that prolonged uncertainty over Iranian output and regional stability could continue to push crude prices higher in the days ahead.
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