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Originally published by Capital Business
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business
April 7, 2026
3h ago

Oil prices rise ahead of Trump’s Iran deal deadline

Oil prices rise ahead of Trump’s Iran deal deadline

On Monday, Trump threatened to take out Iran "in one night" if it failed to agree a deal with the US by 20:00 Washington DC time on Tuesday (00:00GMT Wednesday). Kenya breaking news | Kenya news today |..

✨ Key Highlights

Global oil prices have surged ahead of a crucial deadline set by US President Donald Trump concerning Iran's opening of the Strait of Hormuz shipping route.

  • Global benchmark Brent crude rose 1.4% to $111.33 a barrel.
  • President Trump threatened action against Iran if a deal was not reached by Tuesday.
  • Disruptions in the Strait of Hormuz, through which about a fifth of the world's oil and gas shipments pass, are raising global inflation concerns.

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