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Oil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely
Oil prices rose Sunday after President Donald Trump threatened to “obliterate” Iran’s power plants if the Strait of Hormuz is not reopened by Monday evening.
Oil prices face new pressure as US and Iran trade threats
Trump said the US would attack Iran's power plants if it didn't reopen the Strait of Hormuz in 48 hours. Iran responded on Sunday with is own threats.
Trump’s UN Ambassador on the Strait of Hormuz: ‘Other countries need to help’
WATCH: Trump says 'we don't need' Strait of Hormuz after allies won't help U.S. escort ships
Speaking with reporters as he departed the White House, Trump said “it would be nice” if the countries that rely on the Strait of Hormuz would get involved in helping to keep it open.
US furiously seeks to avert potential months-long closure of Strait of Hormuz
US officials are furiously trying to avert a potential months-long closure of the Strait of Hormuz, privately acknowledging that reopening the key waterway is a problem without a clear solution and dependent at least in part on what lengths President Donald Trump is willing to go to force the Iranian regime’s hand, multiple administration and intelligence officials tell CNN.
Oil prices hold steady even as Iraq resumes some exports via Turkey
Oil prices held steady Wednesday after Iraq clinched a deal to resume some crude exports via Turkey. It’s not a ton of oil, but it’s what amounts for good news these days as the Strait of Hormuz remains largely blocked.
Iran puts Trumpism to the test
Oil and gas prices are soaring after Iran’s effective closure of the Strait of Hormuz. And Trump faces a political revolt highlighted Tuesday when a national security official quit.
Trump lashes out at European allies that rejected his calls to help in Iran
President Donald Trump’s brief and aggressive attempt to corral an international coalition to police the Strait of Hormuz concluded in disappointment on Tuesday.
Democratic Rep. says U.S. should have better planned for Strait of Hormuz being used as a ‘choke point’
Trump says NATO's refusal to help on Iran is 'very foolish mistake'
Trump called on nations to help police the Strait of Hormuz after Iran responded to U.S.-Israeli attacks by using drones, missiles and mines to \u200ceffectively close the channel for tankers.
Oil prices jump as Iran warns Strait of Hormuz ‘cannot be the same’
Oil prices spiked Tuesday as Iran intensified its attacks on energy infrastructure across the Middle East and a senior regime figure suggested that the crucial Strait of Hormuz wouldn’t become safe for ships anytime soon.
POLITICO Correspondent reports the WH wants countries to ‘participate performatively’ in Strait of Hormuz
Strait of Hormuz: Trump needs a coalition. Here’s how to build one
The first two weeks of the Iran crisis have demonstrated military dominance by the US and Israel, with asymmetrical responses from Iran. How this plays out over the coming weeks will determine the outcome.
Trump is failing at the business of war
Nicholas Grossman: The president needs the Strait of Hormuz opened, but the lie-filled bluster he relied on to succeed in business and domestic politics aren’t working.
Trump calls on allies to help guard the Strait of Hormuz. Most have refused
The diplomatic friction reflects the limits of Trump’s influence at a moment when the global economy is absorbing one of the worst oil supply shocks in modern history.
Trump insisted he didn’t need allies’ help in Iran. Now he’s demanding they step in
NATO allies face calls from Trump to help address the Strait of Hormuz crisis, raising doubts about the US president’s claims the Iran war is going well after he previously insisted he didn’t need their help.
Trump suggests he may delay China trip due to Iran war, but Bessent says it's not to pressure on Strait of Hormuz
Bessent downplays rising oil prices and says the Treasury Department doesn't plan to intervene.
A Rare Peek Behind the Curtain of Washington Spycraft
Plus, Trump tries to build a coalition over the Strait of Hormuz, and the voting ID bill could produce a lively week in the Senate.
UK not obliged to support every demand of ‘transactional’ US president, minister says
Donald Trump has threatened Nato allies over failure to send ships to protect strait of Hormuz, but Pat McFadden says UK relation with US remain strong
2 of US' 3 mine-hunting ships for Middle East just seen in Asia
The Independence-class littoral combat ships were seen docked at Penang amid worries that Iran may mine the Strait of Hormuz.
Oil prices climb past $105 a barrel as war in Iran enters third week
The price of oil rose to its highest level since July 2022 Sunday evening as the Trump administration suggested the war with Iran could last several more weeks and President Donald Trump called on the international community for help reopening the Strait of Hormuz to oil tankers.
Exclusive | Oil Industry Warns Trump Administration Energy Crisis Will Likely Worsen
Oil executives told officials in White House meetings that the closure of the Strait of Hormuz might push up oil prices further.
Trump Rejects Deal With Iran on Current Terms as War Rages On
President Donald Trump said Iran is ready to make a deal to end the war but the US wants better terms, signaling no let up in a conflict that’s brought shipping in the strategic Strait of Hormuz to a near standstill and upended energy markets.
Trump Knew the Risk of Iran Blocking the Strait of Hormuz. He Still Went to War.
The president told his White House team that Tehran would likely capitulate before closing the strait, the world’s most vital shipping lane.
Trump says US ‘obliterated’ targets in strike on key Iranian oil hub
Trump said the U.S. bombed Iran’s Kharg Island, a key Iranian oil export hub, and warned against interference in the Strait of Hormuz.
Congestion pricing, energy demands driving up cost of doing business in New York
United Refining Chairman and CEO John Catsimatidis joins 'Mornings with Maria' to discuss Strait of Hormuz tensions, oil price swings, President Donald Trump’s response to Iran and New York City’s budget crisis.
Trump administration underestimated Iran war’s impact on Strait of Hormuz
The Pentagon and National Security Council significantly underestimated Iran’s willingness to close the Strait of Hormuz in response to US military strikes while planning the ongoing operation, according to multiple sources familiar with the matter.
The world just smashed the emergency glass on oil prices. Now it’s up to Trump for a long-term fix
Dozens of countries have done the unprecedented, releasing an historic amount of crude from emergency reserves to prevent high oil prices from crippling the economy. If that doesn’t work, there’s only one serious option left: ending the war and opening the Strait of Hormuz.
Can the West keep the Strait of Hormuz open?
‘Death valley’ oil-tanker shipping passage crucial to world’s energy prices
Oil prices rise again as more vessels attacked near the Strait of Hormuz
Oil prices rebounded Wednesday, as worries about a prolonged supply disruption in the Strait of Hormuz outweighed a report of a potential record release of oil reserves.
Iran begins laying mines in Strait of Hormuz, sources say
Iran has begun laying mines in the Strait of Hormuz, the world’s most important energy chokepoint that carries about one-fifth of all crude oil, according to two people familiar with US intelligence reporting on the issue.
Iran's blockade of Strait of Hormuz sends oil prices soaring
Donald Trump says the Iran war may be over soon. But the US President also threatened to escalate attacks if Iran doesn't let tankers through the Strait of Hormuz. Around the world, consumer fuel prices have soared.
Trump Seeks to Calm Oil and Gas Markets but Says Iran War Will Go On
The president said the U.S. could accompany tankers through the Strait of Hormuz if necessary to keep oil flowing. “We’ve already won in many ways, but we haven’t won enough,” he said.
VIEW Oil surges 20% as Iran war fuels supply fears
Oil prices jumped about 20% in early trading on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz.
Oil on track for biggest weekly gain in four years, as strait of Hormuz traffic grinds to a halt
Rolling coverage of the latest economic and financial news
Prolonged Mideast crisis could shut oil output itself
If export routes via the Strait of Hormuz remain blocked, producers could be forced to halt production as storage fills up.
OPEC+ considers larger oil output hike amid Mideast tensions
Despite expectations that oversupply would weigh on the market, oil prices have risen this year on fears that a conflict between Iran and the U.S. would disrupt Middle East supply through the Strait of Hormuz.
US carrier shoots down Iranian drone and armed boats threaten US tanker as tensions in with Iran escalate
A US aircraft carrier shot down an Iranian drone that “aggressively approached” the ship in the Arabian Sea on Tuesday hours before two gunboats operated by Iran’s Islamic Revolutionary Guard Corps approached a US-flagged tanker in the Strait of Hormuz and threatened to board and seize the ship, according to a US military spokesman.