Oil rises as Trump faces crucial 60-day deadline for Iran war
Oil prices rose amid heightened tensions between the U.S. and Iran following airstrikes and a formal 60-day deadline set by President Trump, which could lead to a withdrawal of U.S. forces if Congress does not approve further action. Despite a current ceasefire, both sides have exchanged threats, with Iran demanding an end to the U.S. blockade of its ports before reopening key waterways. The U.S. military has prepared additional strike plans to pressure Iran into nuclear negotiations, while Iranian officials have warned of severe retaliation if attacks resume.
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The U.S. and Israel launched strikes on Iran on Feb. 28, and Trump formally notified Congress on March 2, starting the 60-day clock and setting up a May 1 deadline. Trump could seek a 30-day extension under the law but has not done so, according to lawmakers. It remains unclear if Trump will withdraw U.S. forces if the deadline lapses without congressional approval.Tensions remain elevated despite a ceasefire. Trump on Wednesday escalated threats against Tehran, vowing to maintain the U.S. blockade on Iran until Tehran agrees to a nuclear deal.Tehran has refused to reopen the Strait of Hormuz unless the U.S. lifts its blockade of Iranian ports. Axios also reported that the U.S.
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