Global Oil Soars Above $110 as Trump Threatens Iran Energy Strikes

Global oil prices surged above $110 per barrel as the US-Israeli war with Iran disrupted supply.

“(CNN) — Trump's first address as U”

CNN Arabic

Brent crude rose 2.2%, and US WTI gained 2.7%.

CNN Arabic

Trump threatened to target Iran's power plants and bridges if the Strait of Hormuz was not reopened.

The Strait remains effectively blocked despite selective transit allowed for China, India, and Russia.

The waterway normally carries about 20% of the world's oil and LNG.

The Strait of Hormuz closure removed approximately 7-10 million barrels per day from global markets.

Iran's military command dismissed Trump's ultimatum as a helpless, nervous, unbalanced and stupid action.

Devdiscourse

Trump sharply criticized Washington's allies for not backing the US in reopening the Strait.

The intertwined consequences for energy, trade, and geopolitics created a feedback loop.

Energy price shocks rippled through the global economy.

“What you need to know - Trump sharply criticized Washington's allies for not backing the United States in reopening the Strait of Hormuz”

DW

Germany's economic growth fell almost in half.

The IEA's release of 400 million barrels was deemed insufficient.

Continued instability could lead to a fresh oil shock and broad recession.

Trump downplayed the importance of the Strait of Hormuz.

Iran's oil production remained between 2-2.5 million barrels per day.

Masrawy

The prospect of strikes on energy infrastructure represented a significant escalation in risk.

Markets reacted to uncertainty rather than confirmed supply losses.