Oil prices climb as Trump warns Iran ‘time is running out’ for nuclear deal

Oil prices rose on Thursday after US President Donald Trump warned Iran that “time is running out” and said a “massive armada” was heading towards the region if Tehran failed to agree to a nuclear non-proliferation deal. In a Truth Social post, Trump said a fleet larger than the one sent to Venezuela was ready to “rapidly fulfil its mission, with speed and violence, if necessary” if Iran refused to negotiate a deal guaranteeing “no nuclear weapons”. Global benchmark Brent rose by about 2.02%, trading at around $68.73 per barrel, while US crude (WTI) hovered around 2.15% higher, at $64.57…