Oil prices climb after Iran warns against US ground invasion
Oil prices have risen after Iran warned against a potential US ground invasion, with Brent crude increasing by 2.47% to $107.92. The warning came despite President Donald Trump's statement that negotiations to end the war would continue, with foreign ministers from several countries working to facilitate talks between the US and Iran.
Oil prices climbed on Sunday after Iran warned against a US ground invasion. Brent crude rose 2.47% to $107.92, while US crude rose 2.94% to $102.57. Iran's parliament speaker said the country's forces are waiting for American troops. The warning came after President Donald Trump said talks are ongoing to end the war. The conflict has caused the largest oil disruption in history, with 20% of the world's oil flowing through the closed Strait of Hormuz. The war's effects are being felt globally, with Americans paying $3.98 for a gallon of gas on average.
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