Trump weighs military action against Iran
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US President Donald Trump has warned Iran that “time is running out” to negotiate a deal on its nuclear programme as a “massive armada” of US naval forces heads towards the region, he said in a post on his Truth Social platform.
Oil futures extended gains on concerns possible U.S. military action against Iran could lead to supply disruptions.
March WTI crude oil (CLH26) on Thursday closed up +2.21 (+3.50%), and March RBOB gasoline (RBH26) closed up +0.0312 (+1.64%). Crude oil and gasoline prices added to this week's sharp gains on Thursday,