Oil climbed for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz.Brent advanced near $110 a barrel, after adding almost 8 percent last week, while West Texas Intermediate rose above $106. Trump posted on social media Sunday that “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them. TIME IS OF THE ESSENCE!”Iran said on Monday that it was continuing dialogue with the US via Pakistan. Tehran was also in continuous contact with Oman to develop safe passage through Hormuz, a spokesman for the foreign ministry said.For all the latest headlines follow our Google News channel online or via the app.Oil has risen more than 50 percent since the US and Israel first attacked Iran at the end of February, with subdued flows through the Strait of Hormuz crimping supply from Arabian Gulf producers.The market is in “a race against time” as the factors that restrained price rises from the war stand to come under strain if the vital waterway stays closed into June, Morgan Stanley said last week.Further pressure on supply came as the Trump administration let a waiver for Russian crude sales lapse. That came despite a request by India to extend the measure.Energy facilities were targeted in the Arabian Gulf over the weekend, with an attack by drones sparking a fire at a United Arab Emirates nuclear facility and underscoring the fragility of the ceasefire.Reports on Iran’s semi-official news outlets suggested both sides in the conflict remain far apart. The Mehr agency said Washington offered “no tangible concessions,” while seeking “to obtain concessions that it failed to obtain during the war, which will lead to an impasse in the negotiations.”Trump met Saturday with Vice President JD Vance, White House envoy Steve Witkoff, Secretary of State Marco Rubio and CIA Director John Ratcliffe to discuss the war, Axios reported Sunday. He is expected to meet again with his national security team on Tuesday.A member of Israeli Prime Minister Benjamin Netanyahu’s security cabinet, Zev Elkin, said the country was poised to resume strikes on Iran should Trump decide to do so. “We have targets that we want to hit,” Elkin told Kan radio.Since the ceasefire began on April 8, Trump has repeatedly threatened to resume the bombing campaign that began on February 28.Read more:
Oil edges higher as Trump renews Iran threat with Hormuz shut
Oil climbed for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of









