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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Oil Prices Choppy After Expletive-Laden Trump Threat to Iran - April 2026
Global oil prices experienced volatile trading following US President Donald Trump's strong threats to attack Iran's critical infrastructure if ships are not allowed to transit the Strait of Hormuz. Prices surged ahead of a crucial deadline set by Trump concerning Iran's opening of the Strait of Hormuz shipping route. In response, Kenya rejected a 60,000-tonne cargo of super petrol, preventing a potential Sh14/litre price increase for consumers, with the rejection ordered by Energy and Petroleum Cabinet Secretary Opiyo Wandayi.
