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

Oil Prices Climb Above $110 Amid Trump’s Threat to Iran

Global crude oil prices rebounded to over $110 per barrel following a heated statement from U.S. President Donald Trump, who warned of attacking vital Iranian infrastructure unless the Strait of Hormuz remains open. On Monday, Asian markets saw Brent crude rise by 1.6% to $110.85, while U.S. benchmark oil increased by 0.8% to $112.40.

Iran’s threats against vessels traversing the strait have caused major delays in energy shipments from the Middle East. The narrow waterway, which carries about 20% of the world’s oil traffic, has become a focal point for tensions after Tehran vowed retaliation against U.S. and Israeli airstrikes starting on February 28. These disruptions have already driven up energy costs globally and sparked worries about inflation.

Trump delayed multiple deadlines for Iran to ease its threats against ships using the strait but reiterated demands in a fiery social media message. In a post on Truth Social, he declared:

“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.”

Later that day, the president added:

“Tuesday, 8:00 P.M. Eastern Time!”

He told Fox News that a deal was likely to be finalized on Monday, but hinted at the possibility of “blowing everything up and taking over the oil” if negotiations stalled.