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Oil prices today: Brent steady at $112 as Trump’s ultimatum, Iran threat keep markets on edge

Oil prices remained volatile on Monday as traders assessed escalating geopolitical tensions around the Strait of Hormuz. Brent crude hovered near $112 a barrel, while West Texas Intermediate traded close to $98, as markets reacted to a 48-hour final warning issued by Donald Trump.The WTI crude stood at $98.67 per barrel around 7:55 am IST….

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After Trump’s warning, Iran threatens to close the Strait of Hormuz

Iran on Sunday threatened to “completely close” the Strait of Hormuz if US President Donald Trump acts on his warning to strike Iranian energy facilities within 48 hours. The Islamic Revolutionary Guard Corps (IRGC) said energy sites in countries hosting US bases would become “lawful” targets.The US President had warned: “If Iran doesn’t fully open,…

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Will Trump’s 48-hour ultimatum to Iran leave him red-faced again?

As President Donald Trump’s 48-hour deadline ticks down, Tehran has responded to his threat to “obliterate” Iranian power plants with a threat of its own — and shown no signs of backing down. Iran’s Revolutionary Guards have now declared that energy facilities in countries hosting US bases will be “lawful targets” if Trump follows through.Writing…

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Will Trump’s 48-hour ultimatum to Iram leave him red-faced again?

As President Donald Trump’s 48-hour deadline ticks down, Tehran has responded to his threat to “obliterate” Iranian power plants with a threat of its own — and shown no signs of backing down. Iran’s Revolutionary Guards have now declared that energy facilities in countries hosting US bases will be “lawful targets” if Trump follows through.Writing…

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After Trump’s 48-hour ultimatum, Iran says ships can pass Hormuz Strait — except ‘enemy’ vessels

Iran on Sunday said the Strait of Hormuz remains open to all shipping except that of its “enemies” – a reference to the United States and Israel—amid a 48-hour “ultimatum” from US President Donald Trump to “fully open” the crucial waterway, which carries about 20% of the global crude oil supply.Also Read | Iran reacts…

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Iran to play FIFA World Cup but ‘boycott’ US amid Donald Trump’s ‘safety’ warning | Football News

Iran’s players pose for a team photo at Azadi Stadium in Tehran, Iran (left) and US President Donald Trump receives the FIFA Peace Prize from FIFA president Gianni Infantino in Washington, Friday, Dec. 5, 2025. (AP Photo) Iran Football Federation president Mehdi Taj said Iran will take part in the upcoming FIFA World Cup but…

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Iran: US intelligence chief says Iran not rebuilding nuclear programme, undercutting Donald Trump’s war rationale

US intelligence chief says Iran not rebuilding nuclear programme, undercutting Donald Trump’s war rationale US intelligence has concluded that Iran has not tried to rebuild the nuclear enrichment capacity destroyed in last year’s US and Israeli strikes, a finding that cuts against one of President Donald Trump’s central claims for the current war, according to…

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Joe Kent Resignation: White House says Joe Kent was not involved in Iran operation talks, reaffirms Donald Trump’s confidence in Tulsi Gabbard

White House says Joe Kent was not involved in Iran operation talks (Picture credit: AP) White House press secretary Karoline Leavitt on Wednesday sought to contain the fallout from Joe Kent’s resignation over the Iran war. She said the former National Counterterrorism Center (NCTC) chief was not involved in any discussions related to the US…

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