Live Updates: Iran war sends oil prices soaring again as Tehran downplays Trump's optimism for a deal

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Live Updates: Iran war sends oil prices soaring again as Tehran downplays Trump's optimism for a deal
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Energy markets remain volatile as Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.

President Trump said Monday morning that his administration was negotiating with 'A NEW, AND MORE REASONABLE, REGIME' in Iran , reiterating his optimism that an agreement would soon be reached to end the war launched by the U.

S. and Israel a month ago.Iranian officials have repeatedly rejected claims that any direct talks are underway, and dismissed a proposal from the White House laying out 15 points for a ceasefire deal as 'excessive and unreasonable,' raising doubts that any common ground might be quickly found as Pakistan suggests a first U.S.-Iran meeting could take place in days.In his Truth Social post on Monday, Mr. Trump did not give any more information about who in Tehran the U.S. was negotiating with, even indirectly, or why he believes there's been regime change despite no outward signs of any shift in policy by Tehran and continued attacks by the country on Israel and Gulf states.'Great progress has been made,' declared Mr. Trump, adding a warning that, 'if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately 'Open for Business,' we will conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island , which we have purposefully not yet 'touched.''President Trump previously gave Iran an ultimatum, to open the Strait of Hormuz or face attacks on its power plants, but he then extended his deadline for the regime to do so twice, with it currently set at April 6.

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