Trump’s Hormuz Ultimatum Sends Oil Past $110, Highest Since March
BeInCrypto
Oil prices surged past $110 per barrel after President Trump threatened military action if Iran does not reopen the Strait of Hormuz.Summary
Oil prices have climbed to their highest levels since March, with Brent crude exceeding $111 per barrel, following an ultimatum from President Donald Trump. Trump threatened to target Iranian infrastructure if Tehran does not reopen the Strait of Hormuz by Tuesday. The ongoing conflict has created a significant supply shock, driving up global fuel costs and stoking inflation concerns. Despite a symbolic production increase by OPEC+, market stress remains high as diplomatic efforts have stalled and regional military strikes continue.
(Source：BeInCrypto)