[MARKET UPDATE] Oil prices gain at the open with the WTI crude June contract climbing 1.8% to breach above USD 107/bbl, while Brent breaches through USD 110/bbl, following Trump's warning that the clock is ticking on Iran

Oil prices are rising sharply in response to geopolitical tensions, particularly Trump's warning regarding Iran, which could imply potential supply disruptions. The breach of significant psychological price levels for both WTI and Brent suggests heightened market sensitivity to these developments, likely affecting inflation expectations and currency dynamics.