Oil Markets Brace for Volatility as Trump’s Iran Deadline Fuels Escalation Fears

Oil prices opened the week elevated but stable in early Asian trading on Monday, holding near multi-year highs after another weekend of escalating tensions between the United States and Iran. At the time of writing, WTI crude was trading at $98.61, up 0.39%, while Brent crude had inched down 0.24% to trade at $111.90. These muted price moves mask an increasingly uncertain environment, with markets bracing for a very volatile session. Late on Saturday, President Trump issued a stark ultimatum, warning that the United States would strike Iran’s…