Brent crude oil prices climbed close to $111 on Monday following a warning from President Donald Trump about Iran, according to BeInCrypto. Trump's statement on Truth Social heightened fears of a renewed Middle East conflict, potentially disrupting global oil supply. The International Energy Agency has highlighted record inventory depletion, adding to market concerns. Brent's price movement is currently constrained within a symmetrical triangle pattern, suggesting a significant directional move is imminent. A breakout above $115 could lead to further gains, while failure to breach this level may see prices retreat.