Oil prices climb after Trump threatens Iran over Strait of Hormuz | CNN Business

Oil prices climb after Trump threatens Iran over Strait of Hormuz | CNN Business


Trump had issued a similar two-day ultimatum to Iran on March 21, only to extend the deadline to April 6. The threat is a stark contrast to Trump’s claims last week that the US did not need the Strait of Hormuz. The oil-producing countries noted in a statement that restoring demand is “costly and takes a long time,” after agreeing to increase oil output by 206,000 barrels every day beginning in May.

Author: Auzinea Bacon


Published at: 2026-04-05 22:20:22

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