Oil prices rise as Donald Trump issues fresh ultimatum on Strait of Hormuz; Brent nears $111
Oil prices surged above $100 per barrel as the Middle East conflict intensified, disrupting supply routes.
US benchmark WTI climbed to $113.62 and Brent crude to $110.30 amid escalating tensions involving Iran and the United States.
The Strait of Hormuz, a critical oil passage, remains under threat, impacting global energy markets.
- Oil back above $110 after expletive-laden Trump threat to Iran BBC News —
- Oil back above $110 after expletive-laden Trump threat to Iran The Independent —
- Saudis Raise Oil Price to Record Premium as War Riles Markets Bloomberg —
- Oil prices climb after Trump threatens Iran over Strait of Hormuz CNN —
- Saudi raises Arab Light crude to record premium as Iran war disrupts markets Times Of India —