President Donald Trump has declared that current diplomatic efforts with Iran represent the "last chance" to conclude the five-month conflict, a statement that immediately triggered a rally in global oil prices.
The warning, delivered from the Oval Office, signals a hardening of the US position as markets brace for potential escalation if a settlement is not reached.
Brent crude futures climbed sharply on the news, reflecting renewed anxiety over supply security in the Persian Gulf.
The price move underscores how quickly geopolitical rhetoric can reprice energy risk, even as the broader macro backdrop remains mixed.
Traders are now weighing the probability of a diplomatic breakthrough against the threat of renewed military action or shipping disruptions.
The US president’s comments stand in stark contrast to the official stance in Tehran, where officials have denied that any substantive negotiations are taking place.