Live Updates: Iran war "re-escalation risks," new Trump threat keep oil prices high as diplomacy staggers on CBS NewsBrent oil tops $110 on report U.S. views latest Iranian proposal as insufficient CNBCStocks Halt Slide as Oil Declines on US-Iran Hopes: Markets Wrap Bloomberg.comSto
Evercore's Roger Altman said in a CNBC interview on Monday that a sharp rise in crude could destabilize markets before it may trigger "the second big inflation shock of this decade after COVID," especially if oil prices climb toward $150 a barrel or higher.
