Trump's Strait of Hormuz Threat Pushes Oil Over $100

Oil prices rise after Trump threatens to block passage through Strait of Hormuz | CNN Business

CNN2026.04.12Updated 2d ago

Oil prices topped $100 a barrel again on Sunday after President Donald Trump said the US would blockade “any and all Ships trying to enter, or leave, the Strait of Hormuz,” threatening to further disrupt oil flows.

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Oil prices surged past $100 per barrel Sunday following President Trump's threat to blockade the Strait of Hormuz, a critical shipping chokepoint for global energy supplies. The statement raises concerns about potential disruptions to international oil flows and economic impacts. Markets reacted sharply to the geopolitical tension and supply uncertainty.

Key topics:trump oil prices strait of hormuz energy markets geopolitics

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