The US President Donald Trump has set a deadline for Iran to reopen the crucial Strait of Hormuz shipping route, causing global oil prices to become highly volatile. Global benchmark crude rose 1.4%...

Oil prices rose today ahead of a deadline set by US President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure.

Oil prices fluctuated sharply in early Monday trading across Asia following a series of aggressive threats from Donald Trump on social media posts. The US President warned to destroy Iran’s...

Trump warned a "whole civilization will die tonight" if Iran doesn't open the Strait of Hormuz, adding, however, "maybe something ... wonderful could happen, who knows." Meanwhile, strikes were reported on Kharg Island.

Analysts warned the market is “leaning further into a prolonged disruption scenario.”

HONG KONG: Oil prices rose Tuesday (Apr 7) while equities edged up tentatively as investors assessed Donald Trump's latest deadline for Iran to reopen the strategic Strait of Hormuz or be "decimated".As the Middle East war entered its sixth week, the US president warned Tehran that its civilian infrastructure