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Oil Prices Climb as Trump Issues Stark Warning to Iran

Barchart·12/30/2025 07:06:03
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Oil prices were holding onto gains early on Tuesday, reversing an earlier dip in Asian trade, as geopolitical risks in Russia and Iran outweighed oversupply concerns in thin semi-holiday trading. Both benchmarks were up by about 0.4%, with WTI Crude at above $58 per barrel and Brent Crude topping $62 a barrel, following renewed geopolitical risk premium, mostly due to comments from U.S. President Donald Trump in the past 24 hours.  Following a meeting with Israeli Prime Minister Benjamin Netanyahu in Florida, President Trump said the United…