[MARKET UPDATE] Crude futures edge higher amid wider airing of the Axios reports that the Trump administration is closer to a major war with Iran than people realise; WTI and Brent April both at fresh session highs

Crude futures edge higher amid wider airing of the Axios reports that the Trump administration is closer to a major war with Iran than people realise; WTI and Brent April both at fresh session highs.

The reports suggesting that the Trump administration is moving closer to a significant conflict with Iran have initiated a rally in crude futures, pushing WTI and Brent prices to session highs. This geopolitical tension creates uncertainty in energy markets and could lead to sustained price increases, particularly if tensions escalate, affecting risk sentiment across broader markets and potentially boosting safe-haven assets like gold.