Trump's Iran Ultimatum Sends Oil Prices Surging Higher
Oil prices rise as Trump warns Iran to open Strait of Hormuz by Tuesday or face 'hell'
CNBC2026.04.05Updated 13h ago
President Donald Trump warned Sunday in an expletive-filled social media post that Iran would be "living in Hell" if they do not open the Strait
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President Trump issued a stark ultimatum to Iran, threatening consequences if they don't open the Strait of Hormuz by Tuesday. The warning sparked immediate concerns about global oil supply disruptions, driving crude prices higher. The Strait of Hormuz is critical for worldwide petroleum trade, making any potential closure economically significant.
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