New York, June 10 -- Global crude oil prices rose on Wednesday as US President Donald Trump issued his latest threat to Iran for being too slow to negotiate a peace deal.

Taking to his social media platform, Truth Social, Trump said that Iran will have to pay the price for being slow to arrive at a peace deal.

"Iran's Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn't even exist anymore - They have been completely defeated. Iran is all talk and no action," Trump said on Truth Social.

"The Bully of the Middle East is DEAD!!! They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!"

Oil prices rose immediately after Trump's latest threat...