Oil prices pushed higher Sunday after President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz is not reopened.
Brent crude, the global benchmark, rose 1.4% to $110.60. US crude rose 1.8% to $113.60.
“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!” Trump posted to Truth Social on Sunday morning.
A senior Iranian official responded Sunday that the strait won’t be reopened until the country is “fully compensated” for