Oil prices jumped Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall.

Brent crude nears $105 as Trump calls Iran ceasefire on 'massive life support,' raising geopolitical risk premiums and pushing oil prices higher.

Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."