Oil rises as Trump faces crucial 60-day deadline for Iran war

oil prices climbed friday, with the july brent futures contract up 1.11% to $111.63. the move comes as trump faces a may 1 deadline under the war powers resolution, triggered by the u.s. and israel's strikes on iran on feb. 28. trump notified congress on march 2, starting a 60-day clock that requires him to withdraw troops unless lawmakers authorize the action — which they haven't. trump could seek a 30-day extension but hasn't yet. it's unclear if he'll pull forces if the deadline lapses. tensions remain high despite a ceasefire. trump escalated threats wednesday, vowing to maintain the blockade on iran until tehran agrees to a nuclear deal. iran refuses to reopen the strait of hormuz unless the blockade lifts. axios reported u.s. central command prepared a plan for a "short and powerful" wave of strikes on iran to break stalled talks. a senior iranian revolutionary guards official reportedly threatened "long and painful strikes" on u.s. positions if washington renews attacks, per reuters citing iranian media.