After Trump threatened Tehran, oil prices continued to rise.

Early in the Asian market, American oil futures opened higher. The background is that President Trump has increased threats against Iran. He had previously demanded that Iran ensure that oil tankers can pass through the crucial Strait of Hormuz before the deadline this Tuesday. West Texas Intermediate crude oil futures rose to about $115 per barrel in New York, higher than last Thursday's closing price of $111.54. Approximately 20% of the global oil supply must pass through the Strait of Hormuz. Trump said in a media interview on Sunday, "If they don't take action by Tuesday night, they won't have any power plants running and no bridges standing." Oil futures surged $11.42 per barrel last Thursday, marking the largest single-day increase since April 2020. Some analysts and traders had previously expected Trump to adopt a more moderate tone over the long weekend, given the market reaction to his tough statements on Wednesday. However, Trump went the other way and posted a rude statement against Iran on social media on Sunday. US stock index futures opened lower on Sunday, and gold futures also fell.