Lates News

President Trump threatened that if the Strait of Hormuz is not reopened, he will strike Iran's energy facilities, causing oil prices to rise at the opening. Global benchmark Brent crude rose 0.7% to $110 per barrel. U.S. crude rose 1.3% to $113 per barrel. "Tuesday will be Iran's power plant day and bridge day all in one. Never been done before!!! Quickly open the strait," Trump said in a post on Sunday morning. A few hours later, he seemed to set a new deadline, "Tuesday at 8:00 pm Eastern Time!" Trump had previously issued a similar two-day ultimatum to Iran on March 21, but later extended the deadline to April 6. (CNN)