President Donald Trump said Thursday that he will decide whether to launch military strikes against Iran in the next 10 days.
“So now we may have to take it a step further, or we may not,” Trump said at the inaugural meeting of his Board of Peace. “Maybe we’re going to make a deal. You’re going to be finding out over the next probably 10 days.”
U.S crude oil prices rose $1.58, or 2.42%, to $66.77 per barrel by 12:14 p.m. ET. Global benchmark Brent was up $1.56, or 2.22%, at $71.91.
“It’s proven to be over the years not easy to make a meaningful deal with Iran,” the president said. “We have to make a meaningful deal, otherwise bad things happen.”
Oil prices have been moving higher this week on fears a U.S. attack on Iran is imminent. WTI is up 6% this week and 16% so far this year.
This is a developing story. Please check back for updates.
