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Oil Edges Up With Trump’s Iran Deadline in Focus: Markets Wrap

Anand Krishnamoorthy

1 min read

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⚡ Quantum Brief

President Donald Trump’s threat to escalate strikes against Iran by an April 8 p.m. ET deadline drove crude oil prices higher, reversing earlier optimism about a potential ceasefire. Brent crude climbed 0.5% to $110 per barrel as traders braced for potential disruptions to Middle East oil supplies amid heightened geopolitical tensions. U.S. equity-index futures declined, reflecting investor unease over the escalating conflict and its economic impact, particularly on energy markets and global trade stability. The deadline follows Trump’s warnings of targeted strikes on Iranian infrastructure, signaling a shift from diplomatic pressure to potential military action. Markets reacted swiftly to the uncertainty, prioritizing geopolitical risks over recent gains tied to ceasefire hopes, underscoring energy’s sensitivity to Middle East instability.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Crude oil rose and US equity-index futures slipped after President Donald Trump signaled a potential escalation of strikes on Iran as soon as Tuesday, damping optimism over a possible ceasefire.Brent edged up 0.5% to $110 a barrel as Trump intensified threats to strike Iranian infrastructure ahead of his Tuesday 8 p.m. Eastern Time deadline.

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Source: Bloomberg

Website: https://feeds.bloomberg.com/markets/news.rss

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