# oil futures settled above $112 per barrel on Monday, highlighting investor wariness about a possible Middle East resolution.

*business · news · 2026-04-06 · Devdiscourse*

## Key points

- U.S. oil futures closed above $112 per barrel due to U.S.-Iran tensions.
- President Trump set a Tuesday night deadline for a deal, threatening military action otherwise.
- Iran publicly called for permanent peace amid escalating diplomatic standoff.
- The dollar weakened against global currencies as investors reacted to geopolitical uncertainty.

**Countries:** United States, Iran

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3864486-tensions-surge-amid-us-iran-standoff-oil-climbs)

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