US-Iran War

Trump issued the warning on Thursday as investigators continued probing the dramatic mid-air attack involving a FlyDubai flight travelling from Dubai in the United Arab Emirates to Tel Aviv, Israel.

Brent crude futures rose $3.98, or 3.82 percent, to $108.30 a barrel by 0959 GMT, while US West Texas Intermediate (WTI) gained $3.52, or 3.81 percent, to $95.93 a barrel.

British security authorities have arrested five men over an alleged terrorist plot targeting Royal Air Force Fairford, a key military base in England that has been used by the United States for bomber operations against Iran.

In a statement on Sunday, IRGC said the vehicle was intercepted through a “coordinated and complex operation” involving military intelligence and electronic warfare.

He said the United States was weighing whether to pursue an agreement that would allow Iran to rebuild and develop economically or intensify pressure on Tehran, warning that the alternative could mean driving the country “into hell”.

Brent crude futures fell $2.16, or 2.08 percent, to $101.71 a barrel by 0213 GMT, after touching their lowest level since September 10. US West Texas Intermediate crude declined $2.15, or 2.14 percent, to $98.15 a barrel.

The development triggered a fresh surge in crude prices, with Brent crude futures jumping $3.62, or 3.46 per cent, to $108.23 per barrel as of 2214 GMT, while US West Texas Intermediate (WTI) futures rose $3.15, or 3.15 per cent, to $103.20 per barrel.

Brent crude, the international benchmark, rose to around $105.21 per barrel, gaining more than 4 percent from $100.57 on Wednesday.

The IRGC said its naval forces seized the underwater drone in what it described as a complex intelligence and operational mission, while Iranian state media released images of the vessel.

Brent crude, the international benchmark for oil trading, climbed about 2.7 percent to trade at approximately $100.57 per barrel for November delivery contracts, while the US benchmark, West Texas Intermediate (WTI), rose nearly 2 per cent to around $95 per barrel.