Trump threatens renewed Iran strikes unless nuclear deal closes, with oil markets watching the Strait of Hormuz

President Donald Trump announced major combat operations against Iran on February 28, involving massive joint U.S.-Israeli strikes. Although talks in the Strait of Hormuz are ongoing and a deal may be imminent, Trump threatens renewed strikes unless the nuclear deal closes. These heightened tensions over Iran's nuclear program could destabilize global oil markets, impacting energy prices and geopolitical alliances. Consequently, oil markets are closely monitoring the situation and developments within the Strait of Hormuz.