Oil prices rise as Trump’s Hormuz threat looms; WTI hits $113, Brent climbs to $110
Oil prices surged Tuesday as Middle East tensions escalated.
US President Trump issued a stern warning to Iran regarding the Strait of Hormuz, which Iran has effectively closed.
Disruptions to this vital shipping lane are impacting global crude markets, with refiners scrambling for alternatives.
Regional conflicts also continue to fuel instability.
- Oil rises above $110 as Trump deadline looms for Iran to reopen strait – business live The Guardian —
- Oil climbs to $111 and stock markets volatile as Trump's latest deadline looms - MARKETS LIVE Daily Mail —
- Oil climbs as Hormuz stays shut ahead of Trump deadline RTE —
- Oil Prices Jump as Trump’s Deadline for Deal Draws Near The New York Times —
- Oil prices top $110 after Trump says Iran can be ‘taken out’ in one night The Guardian —