Oil prices rose more than 2% on Thursday as President Donald Trump considered military strikes on Iran, according to CNBC. The oil market is monitoring whether unrest in Iran and possible strikes could lead to a disruption of oil supplies, according to CNBC. Trump is weighing multiple options for military action against Iran, including targeted strikes on security forces and leaders, according to Reuters. The U.S. has been building up its presence in the Persian Gulf ahead of a possible strike, according to Axios. Trump warned Iran that “time is running out” for talks.