US-Iran war: Oil prices continue to rise; Brent crude above $111 as Trump’s deadline looms
US-Iran war: Oil prices continued their upward trajectory for the third session straight on Tuesday, April 7, after US President Donald Trump escalated threats of destroying key Iranian infrastructure if his demands are not fulfilled by the Tuesday deadline.
Brent crude hovered close to $111 per barrel after gaining 0.7% in the previous session, while West Texas Intermediate traded near $115, marking its highest close since June 2022.
