Oil Steadies as Trump’s Iran Threats Escalate Before Deadline

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 1000Oil was little changed as President Donald Trump escalated threats to obliterate key Iranian infrastructure if his terms aren’t met before a Tuesday deadline.Brent traded near $110 a barrel after adding 0.7% in the prior session, while West Texas Intermediate was around $113 after closing at its highest since June 2022. Trump said Monday that talks with Iran are “going well,” even as he listed reopening the Strait of Hormuz as “a very big priority.”