Oil prices continued their upward climb on Monday, as markets focused on escalating geopolitical risks in the Middle East despite renewed assertions by US President Donald Trump that talks with Iran remain under way and could still lead to a diplomatic breakthrough.
US President Donald Trump has warned that Iran must reach a “meaningful” agreement over its nuclear programme within “10 to 15 days” or face unspecified consequences, escalating rhetoric amid a heightened US military presence in the Middle East.
The US has positioned forces in the Gulf region, pressuring Iran to accept a set of US demands. Diplomatic channels remain open, but miscalculation by either party could result in an escalation. CIO Office Viewpoint from Lombard Odier examines the potential implications if US-Iran tensions were to escalate.
