Crude Oil Prices Surge Near $90 Following Donald Trump's Stern Warning to Iran

International crude oil markets witnessed severe volatility after US President Donald Trump issued a sharp warning to Iran during a phone interview, questioning the possibility of smooth negotiations and highlighting Iran's ongoing economic struggles.

Key Highlights:
- Trump's Warning and Options: Trump remarked that he effectively controls Iran's finances and presented two options—either continuing the current strategy of economic pressure or facing a potential major military strike.
- Impact on Pakistan's Mediation: The hardline stance overshadowed recent claims by Pakistan regarding closeness to a US-Iran pact, exposing cracks in mediation efforts.
- Oil Market Reaction: Brent crude surged close to $90 per barrel (trading around $89.70), while WTI crude climbed to $84 per barrel, raising renewed concerns over global inflation.