Oil prices rise as Trump ramps up Iran threats

West Texas Intermediate jumped 1.5 percent per barrel, while international benchmark Brent North Sea crude edged higher. "There's speculation that Iran could agree to dilute its most highly enriched uranium in exchange for the full lifting of financial sanctions, but it's not clear if that will be enough to seal a deal between the two parties," noted Aarin Chiekrie, analyst at Hargreaves Lansdown. Iran and the United States began fresh talks as Trump warned of consequences should Tehran fail to strike a deal.