Oil prices surged following new strikes exchanged between the US and Iran, as ceasefire talks remained at an impasse. President Trump commented on the situation, urging people to "sit back and relax" despite the escalating tensions.

Iran has stated it will not agree to a deal with the United States until its rights are secured, expressing distrust in the US as President Trump reportedly toughens the terms of a proposed framework. Negotiations are stalled as Iran seeks guarantees for its demands and rejects what it perceives as easy concessions.