Global oil markets extended gains as crude prices climbed for a fifth consecutive trading session. Market analysts point to President Trump's escalating rhetoric against Iran as the primary driver of this sustained price movement. The president's confrontational statements and social media posts have created uncertainty about diplomatic efforts between the two nations.

Energy traders increasingly view Trump's approach as undermining potential peace negotiations. Iran's apparent reluctance to engage in further in-person discussions with US officials suggests diplomatic resolution remains elusive. This geopolitical tension continues to feed into oil markets, with traders pricing in the risk of supply disruptions from the Middle East region.

The prolonged rally in oil prices reflects market anxiety that diplomatic solutions between Washington and Tehran may stall. Without progress on negotiations, oil markets face persistent geopolitical risk premiums. This situation presents challenges for energy-dependent economies and complicates inflation outlooks for central banks worldwide.