Oil back above $110 after expletive-laden Trump threat to Iran

Oil back above $110 after expletive-laden Trump threat to Iran

Global oil markets saw prices climb above $110 per barrel following a fiery statement from U.S. President Donald Trump, who warned of military action against Iran’s infrastructure unless the country permits maritime traffic through the Strait of Hormuz. On Monday, Brent crude reached $110.85, marking a 1.6% increase, while U.S. crude prices hit $112.40, up 0.8% from the prior day.

Trump’s aggressive warning came in a social media post on Sunday, where he declared the U.S. would target key facilities in Iran if the strait remained closed. The message emphasized a deadline set for Tuesday, with a threat to strike power plants and bridges in a single operation. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH!” he wrote in a

blockquote

.

Iran’s blockade of the strait has caused significant delays in energy shipments from the Middle East, escalating global concerns over supply chain instability. The waterway, which handles roughly 20% of the world’s oil transport, has been a focal point of tension since February 28th, when U.S. and Israeli airstrikes targeted Iranian assets. This disruption has already driven up energy costs and raised fears about inflationary pressures worldwide.

Trump delayed several deadlines for Iran to ease its restrictions on shipping but doubled down on his demands in the social media post. Later that day, he added a time-sensitive note: “Tuesday, 8:00 P.M. Eastern Time!” Meanwhile, he told Fox News there was a “good chance” of reaching an agreement on Monday, though he hinted at more drastic measures if talks stalled.