Trump Threatens Iran With 'Lots Of Bombs': Oil Slips To $88, Dow Futures Rise As Investors Focus On Islamabad Talks

Late Monday, U.S. stock futures ticked higher and oil prices eased even as geopolitical tensions escalated sharply ahead of a fragile ceasefire deadline between Washington and Tehran.

Futures Climb While Oil Retreats

Dow futures rose 65.00 points, or 0.13%, to 49,704.00, while S&P 500 futures gained 9.25 points, or 0.13%, to 7,157.25 and Nasdaq 100 futures advanced 72.25 points, or 0.27% as of 8:48 p.m. EDT.

In commodities, WTI crude oil (May) fell 1.72% to $88.07 per barrel, while the June contract declined 1.19% to $86.38 per barrel.

Brent crude slipped 0.75% to $94.76 per barrel. RBOB gasoline futures dropped 0.77% to $3.0928 per gallon. Natural gas futures edged down 0.89% to $2.665 per MMBtu.

Meanwhile, the U.S. dollar index stood at 98.093, up 0.04%.

Asian markets were higher, with Japan's Nikkei 225 rising 1.07% to 59,453.35, while South Korea's KOSPI gained 1.87% to 6,335.68.

Trump Escalates Iran Rhetoric Ahead Of Deadline

On Monday, Donald Trump warned that failure to reach a deal with Iran could trigger significant military action.

In a phone call with a PBS news reporter, Trump said, "lots of bombs [will] start going off" if negotiations collapse. He also warned that critical infrastructure, including bridges and power plants, could be targeted if Tehran does not agree to the terms.

The comments come as a temporary ceasefire nears its expiration on Tuesday evening.

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