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06 Apr 2026
Oil rises on new deadline as Trump raises the stakes over Hormuz
[SINGAPORE] Oil gained as US President Donald Trump imposed a fresh deadline on Iran and escalated threats to strike power plants and other infrastructure if the Strait of Hormuz is not reopened.
Brent climbed above US$111 a barrel, while West Texas Intermediate was near US$115. In a series of fiery social-media posts, the US president threaten to bring “Hell” to the country. Teheran has rejected the latest demands, and the key waterway remains closed to all but a small number of vessels.