Oil Rises After Trump Warns Iran Over Prolonged Negotiations

Oil prices rose on Wednesday after President Trump warned Iran that it was taking too long to negotiate and would “pay the price,” adding to market concern that the escalating confrontation could threaten crude supplies from the Middle East.

The latest move in oil followed a series of developments that have sharpened fears of disruption in the region. AP reported earlier on Wednesday that U.S. strikes on Iran and Iranian retaliation had already raised alarm in energy markets. By early afternoon, market coverage showed crude trading higher as investors weighed the risk to supply routes and exports.

The Strait of Hormuz, one of the world’s most important oil chokepoints, remains a focus for traders looking for signs that the conflict could interfere with shipping flows. Brent crude was quoted around the low-$90s in current coverage.

Trump’s comments added a fresh political flashpoint to an already volatile backdrop. AP later reported that he said Iran was taking too long to negotiate a deal and would have to “pay the price.”

The direction of prices will likely depend on whether the rhetoric is followed by further military moves or formal statements from U.S. or Iranian officials. For now, traders are treating the confrontation as a live supply-risk event rather than a purely diplomatic dispute.