Oil Prices Surge Ahead of Trump’s Iran Deal Deadline
By 06:30 GMT, Brent futures had increased by 1.5% to roughly $111.4 per barrel, while West Texas Intermediate (WTI) surged 2.7% to $115.3.
Trump has warned that if a truce is not achieved by the specified time, US forces could carry out broad strikes targeting civilian infrastructure in Iran.
"The entire country could be taken out in one night, and that night might be tomorrow [Tuesday] night," Trump told reporters.
He emphasized his warning for Iran, saying that by Tuesday night at 8 p.m. EDT (0000 GMT Wednesday), every bridge and power plant in the country would be "decimated" if no agreement is reached.
In a related precaution, the Israeli army advised Iranians to avoid train travel nationwide on Tuesday and to stay clear of railway areas.
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