US EditionOil Rises as Trump's Hormuz Ultimatum Risks Escalating War
4 Articles
4 Articles
Iran’s ayatollahs promise to trigger the price of oil, as Iran’s parliament’s president Mohammad Bagher Ghalibaf has threatened: “The prices of oil will rise for a long time,” he explained. The powerful Iranian Revolutionary Guard has declared that the Strait of Ormuz—the maritime route through which one-fifth of the world’s oil and liquefied natural gas normally passes—would also be “completely closed” if Trump fulfills his threat to “destroy” …
Jerusalem, 22 March 2026 (AFP) – The ultimatum posed by Donald Trump in Tehran for the reopening of the Strait of Ormuz, strategic for the global supply of hydrocarbons, expires on Monday, on the 24th day of war against Iran, Israel preparing for "several more weeks of fighting". In the absence of a reopening by Monday evening by Iran of this [...] The article Trump's ultimatum in Tehran approaching its deadline appeared first on MARINE & OCEANS.
Oil prices rose early on Monday after US President Donald Trump issued a 48-hour ultimatum to Iran demanding it open the Strait of Hormuz, threatening to destroy its energy infrastructure. At the same time, Israel warned that the war could last several more weeks. Shortly after the markets opened (22:00 GMT), US West Texas Intermediate (WTI) crude for May delivery rose 1.8% to above $100 a barrel, before retreating slightly.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
