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

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

Following a heated declaration from US President Donald Trump, global oil prices rebounded above $110 per barrel. On Monday morning in Asia, Brent crude climbed 1.6% to $110.85, while US-traded oil increased 0.8% to $112.40. The surge came after Trump’s strong language on social media, where he vowed to strike key Iranian infrastructure unless the Strait of Hormuz remained open by Tuesday.

Tehran’s threats against ships traversing the strait have already caused major disruptions to Middle Eastern energy shipments. These delays, stemming from retaliatory actions against US and Israeli airstrikes since February 28, have raised global concerns about energy costs and inflation. Trump extended several deadlines for Iran to lift its attacks but reiterated his demands in a post on Truth Social.

“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! Praise be to Allah. President DONALD J. TRUMP”

Hours later, Trump posted on the same platform: “Tuesday, 8:00 P.M. Eastern Time!” He hinted at a potential agreement on Monday but warned that failure to resolve the dispute quickly could lead to a full-scale operation to seize control of oil supplies. The remarks underscored the geopolitical tensions driving market volatility.