Oil hits 4-month high as Trump renews Iran threats, but crude's momentum may be fleeting
MarketWatch·2026-01-28 17:19
Core Viewpoint - President Donald Trump is increasing pressure on Iran, indicating that a "massive armada" is heading towards the country and emphasizing that time is limited for Tehran to finalize a nuclear deal [1] Group 1 - The U.S. administration is signaling a strong military presence in the Middle East as a means to influence Iran's nuclear negotiations [1] - The warning from President Trump suggests a potential escalation in U.S.-Iran tensions, which could impact regional stability and global oil markets [1]