Crude oil futures rise as Trump issues threats again at the opening of US-Iran peace talks.

Oil prices rose, with prior US President Trump threatening that if Hezbollah continues to attack Israel, he will strike Iran. This has raised concerns in the market about the progress of peaceful negotiations between Washington and Tehran. Brent crude oil opened up 2.2% to $82.30 per barrel, while WTI crude oil futures rose to above $78 per barrel. The negotiations held in Switzerland on Sunday started off with twists and turns. Earlier, Iranian media reported that negotiations were suspended after Trump's latest threat, but sources said negotiations were still ongoing. Tehran accused Israel of violating the Lebanon ceasefire agreement. This high-level meeting held in the Swiss resort of Bierschtock marks the start of a 60-day negotiation window. Trump signed a memorandum last week to initiate de-escalation. Despite Iran claiming to have closed the Strait of Hormuz, millions of barrels of crude oil continued to be transported through this waterway over the weekend. Prices of other energy commodities also rose on Monday, with European natural gas futures jumping as much as 3.9%. US gasoline futures also climbed. Trump said in a media interview on Sunday that he had directly told the Iranian leaders that if they block the Strait of Hormuz, "you won't even be able to go back to Iran," and used profanity. An official familiar with the talks said that resolving the Lebanon conflict is crucial for the success of the Swiss talks.