Notifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleHenry Saker-ClarkTuesday 07 April 2026 11:06 BSTTrump vows to decimate Iran as deadline approachesOil prices moved higher on Tuesday due to investor caution ahead of a deadline for Iran to agree to reopen the Strait of Hormuz.President Trump threatened a major attack on Iranian infrastructure if a ceasefire deal is not reached by 1 am UK time on Wednesday.Brent crude oil increased by around 1.5% to 111.4 US dollars a barrel, now 53% higher than before the conflict, leading to sharp increases in petrol and diesel costs.Global financial markets were tentative, with the FTSE 100 opening higher before falling, the German Dax down, and the French Cac 40 up in early trading.Traders remain hopeful for a diplomatic breakthrough, but little headway has been made in recent peace talks, creating a 'binary event' for investors.In fullOil prices nudge higher amid caution ahead of Trump’s Iran deadlineThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in