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Dow Set to Open Higher After Trump Calls Off Strikes on Iran, Pending Talks
Oil prices surged over 50% since late February strikes as Trump demands Strait of Hormuz reopen in 48 hours amid Iran's threats of retaliatory attacks.
- On Sunday, President Donald Trump issued an ultimatum to Iran to reopen the Strait of Hormuz, jolting global oil markets amid weeks of near-standstill maritime traffic.
- The Treasury Department issued a general license authorizing sales of Iranian oil and petrochemicals loaded on tankers as of Friday through April 19, mirroring earlier Russian cargo easing.
- Tehran warned it would target all energy, information technology, and desalination infrastructure if fuel sites were hit, while Trump gave a 48-hour deadline to fully open the waterway or face strikes, raising escalation risk.
- Benchmark Brent has surged by more than 50% since late February, with Brent near $113 and West Texas Intermediate briefly topping $100, while the International Energy Agency warned of the largest-ever market shock.
- Hardline pledges and analyst skepticism heighten escalation risk as President of the United States vows to 'take whatever steps it takes' to destroy Iran's air force and navy, while Rory Johnston says Tehran is unlikely to meet the 48-hour deadline.
53 Articles
53 Articles
China Warns of “Uncontrollable” Escalation as Hormuz Crisis Deepens
China has warned of an "uncontrollable situation" amid the escalating Strait of Hormuz crisis and urged all sides to halt military operations as the war involving Iran enters a critical phase and threatens global energy supplies. On March 21, US President Donald Trump issued Tehran a 48-hour ultimatum to lift its partial closure of the Strait of Hormuz, a narrow Gulf passage that carries about 20 percent of global oil and gas supplies, or face p…
Analysts warn $200 oil is no longer a far-fetched scenario
Oil prices could surpass $150 per barrel and approach $200 if the Strait of Hormuz blockade persists, according to energy industry analysts — a level that would make a global recession virtually inevitable.
Oil drops, stocks soar after Trump postpones strikes on Iran
Stocks rose and oil prices fell sharply after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations.
Dow set to open higher after Trump calls off strikes on Iran, pending talks
By David Goldman, Chris Isidore, John Towfighi, CNN (CNN) — Stocks soared and oil prices fell after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations. Dow futures were higher, rising 987 points, or 2.15%, after briefly soaring by more than 1,200 points. S&P 500 futures rose 2%, and Nasdaq futures also gained 2%. The Nasdaq had closed on the …
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Dow soars after Trump calls off strikes on Iran, pending talks
(CNN) — Stocks soared and oil prices fell after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations.
Nigeria: WTI Crude Oil Prices Up Following Trump Ultimatum On Iran
Benchmark US oil contract WTI was up Monday after US President Donald Trump gave Iran a 48-hour ultimatum to open the Strait of Hormuz or face decimation of its energy infrastructure and Israel warned the war would continue for several more weeks.
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