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Trump's Ultimatum in Hormuz Drives Oil Prices Above $110, Highest Since March
Oil prices extended gains at the start of trading in Asia on Monday after President Donald Trump sharply escalated threats against Iran. He promised to attack power plants and bridges if Tehran does not reopen the Strait of Hormuz by Tuesday.
This latest ultimatum signals that the conflict, which has been ongoing for six weeks, is now entering a more dangerous phase, with no peaceful resolution in sight.
Trump's Ultimatum: ‘Power Plant Day and Bridge Day’
In a social media post, Trump stated that Tuesday would be 'Power Plant Day and Bridge Day' and demanded Iran to 'open the f---ing Strait', warning Tehran that it would 'live in Hell.' This unprecedented language indicates growing frustration from Washington as diplomacy to resolve the important waterway issue remains stalled.
This latest ultimatum signals that the conflict, which has been ongoing for six weeks, is now entering a more dangerous phase, with no peaceful resolution in sight.
Trump's Ultimatum: ‘Power Plant Day and Bridge Day’
In a social media post, Trump stated that Tuesday would be 'Power Plant Day and Bridge Day' and demanded Iran to 'open the f---ing Strait', warning Tehran that it would 'live in Hell.' This unprecedented language indicates growing frustration from Washington as diplomacy to resolve the important waterway issue remains stalled.
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