US-Iran peace deal, June 22 -- Oil prices surged on Monday, 22 June, after President Donald Trump warned of possible military action against Iran if Hezbollah continues its attacks on Israel, fueling concerns that ongoing peace negotiations between Washington and Tehran could face setbacks.

Brent crude rose by as much as 2.2% at the market open, reaching $82.30 per barrel, while West Texas Intermediate climbed above the $78 mark, on Monday.

Negotiations faced an uncertain start on Sunday after Iranian media reported that Tehran had suspended talks in Switzerland following a warning from Trump. However, sources familiar with the discussions said the negotiations continued. Iran also accused Israel of breaching the ceasefire in Lebanon. ...