Oil prices fall after Trump warns Iran over Strait of Hormuz

In late morning trade in Asia, Brent crude was 6% lower at $93.05 (£69.33) and Nymex Light Sweet was down 6.1% at $88.96. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Oil prices experienced a significant drop following US President Donald Trump's strong warning to Iran against blocking the Strait of Hormuz, a vital shipping route for global energy supplies.

Brent crude fell 6% to $93.05, and Nymex Light Sweet was down 6.1% to $88.96.
The price decrease follows fears of supply disruptions due to US-Israeli conflict with Iran, though Trump's comments suggested a potentially short conflict.
The Strait of Hormuz is critical, with approximately a fifth of the world's oil passing through it daily.

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