President Donald Trump indicated on Thursday that a decision on possible military action against Iran is imminent, saying he expects to make up his mind within roughly the next 10 days. The remarks have intensified global attention, especially as energy markets respond to the growing uncertainty.
Speaking during the first meeting of his newly formed Board of Peace, Trump suggested that both diplomacy and military action remain on the table. He noted that the administration could either escalate the situation or potentially secure a deal, emphasizing that the outcome will become clearer soon.
The development comes amid rising speculation under the headline: “Trump to announce within about 10 days whether the U.S. will strike Iran as oil prices climb.” Markets have already begun reacting to the possibility of conflict in the Middle East.
Oil Prices Climb Amid Tensions
U.S. crude oil prices rose by $1.24, marking a 1.9% increase to close at $66.43 per barrel. Meanwhile, global benchmark Brent crude gained $1.31, or 1.86%, settling at $71.66 per barrel.
Analysts attribute the spike largely to fears that a potential U.S. strike on Iran could disrupt oil supplies, particularly through key shipping routes. West Texas Intermediate (WTI) has surged more than 5% this week alone and is up nearly 16% year-to-date, underscoring the market’s sensitivity to geopolitical risk.
Trump acknowledged the difficulty of negotiations with Iran, stating that reaching a substantial and enforceable agreement has historically proven challenging. He stressed that any deal must be meaningful, warning that failure to achieve one could lead to serious consequences.
Diplomatic Talks Continue, But Gaps Remain
Earlier this week, U.S. envoys Steve Witkoff and Jared Kushner held discussions with Iranian officials in Geneva regarding Tehran’s nuclear program. According to Vice President JD Vance, Iran did not adequately respond to key red lines outlined by the president during the negotiations.
White House Press Secretary Karoline Leavitt said there are multiple arguments both for and against military action. While acknowledging that some progress was made during the Geneva discussions, she admitted that significant differences remain between Washington and Tehran.
Military Presence Expands in the Region
At the same time, the United States has increased its military footprint in the Middle East. The aircraft carrier USS Abraham Lincoln is currently deployed in the region, while a second carrier, the USS Gerald Ford, is on its way. The buildup signals that Washington is preparing for multiple contingencies as it evaluates its next move.
Adding to concerns, Iran’s Revolutionary Guard conducted military exercises in the strategically vital Strait of Hormuz this week. The narrow waterway serves as a critical chokepoint for global oil shipments, and any disruption there could send energy prices soaring further.
Global Energy Markets on Edge
Oil traders remain wary that a direct confrontation between the United States and Iran could severely impact crude flows through the Strait of Hormuz. Even the perception of risk has been enough to push prices higher, reflecting the fragility of global supply chains.
With markets watching closely and diplomatic efforts hanging in the balance, attention now turns to the coming days. As the world waits, the central question remains whether negotiations can produce a breakthrough—or whether tensions will escalate further.
For now, the spotlight remains firmly on Washington as “Trump to announce within about 10 days whether the U.S. will strike Iran as oil prices climb” continues to dominate headlines and shape global market sentiment.
