Oil prices rise as Trump’s Iran deadline nears and Strait of Hormuz disruptions persist
The Facts
- Oil prices rose on Tuesday as Trump’s deadline for Iran to reopen the Strait of Hormuz approached.
- Trump set a deadline of 8 p.m. Eastern on Tuesday for Iran to reopen the Strait of Hormuz and threatened stronger military action if it did not comply.
- Iran rejected a cease-fire proposal conveyed through mediators and said a permanent end to the war was necessary.
- The Strait of Hormuz normally carries about one-fifth of the world’s oil supply.
- Shipping through the Strait of Hormuz has been severely disrupted or effectively closed during the conflict.
- Analysts and market reports say the conflict could continue to disrupt oil flows even if the Strait of Hormuz reopens soon.
- OPEC+ agreed to increase oil production by 206,000 barrels a day starting in May.
Context
Why does the Strait of Hormuz matter so much to oil markets?
It is a critical maritime chokepoint between Iran and Oman that normally carries about one-fifth of global oil supply, so any disruption there can quickly affect world energy prices NYT,BBC,Yahoo! Finance.
What did Iran say about the cease-fire proposal?
Reports say Tehran rejected the proposal delivered through mediators and argued that any deal would need to permanently end the war, not just create a temporary cease-fire Aol,Yahoo! Finance,NDTV.
The receipts — all 100 sources
Wire services (6)
Independent coverage (50)
Economic TimesWhy are oil prices nearing $110, and will Brent and US WTI c...
Rediff.com India Ltd.Crude Oil Hits Record High as US-Iran Tensions Escalate
TimesNowOil Prices Surge as Brent Crosses $111 Amid Trump's Iran Dea...
MoneyControlWhy West Texas Intermediate is trading above Brent crude? De...
NDTV$4.5 Billion A Month Jackpot: Why Iran Wants World To Accept...
RTE.ieOil climbs as Hormuz stays shut ahead of Trump deadline
The New York TimesOil Prices Jump as Trump's Deadline for Deal Draws Near
News18Crude oil futures hit record Rs 10,888/barrel; WTI touches U...
Business InsiderUS oil futures spike as Trump ramps up Iran threats and the ...
BBCOil prices rise ahead of Trump's Iran deal deadline
ETCFO.comOil Price Today (April 7): Crude oil hovers above $110 as Tr...
mintOil prices rise amid Trump's escalation threats, WTI up 2% |...
The Times of IndiaOil prices rise as Trump's Hormuz threat looms; WTI hits $11...
The Financial ExpressCrude oil volatile amid Trump's renewed threat to Iran - US ...
Economic TimesOil Price Today (April 7): Crude oil hovers above $110 as Tr...
Zero HedgeUS Oil Premiums Hit Record High As World Scrambles For Crude
Business StandardOil prices rise as Trump sharpens rhetoric on Iran; Brent cr...
Investing.comOil extends gains as Trump's Iran deadline nears, ceasefire ...
RTVE.esEl precio del petróleo baja ante un posible alto el fuego, e...
AolIran war to throttle oil flows even if Strait of Hormuz reop...
CBS NewsIran war will throttle oil flows even if Strait of Hormuz re...
GMA NetworkOil prices fall after US and Iran receive framework ceasefir...
El Comercio PerúEl brent avanza un leve 0,70% mientras se mantiene el ultimá...
Аргументы и фактыЧистая формальность. Что нам и миру даст увеличение добычи н...
cnbctv18.comDow Jones, S&P, Nasdaq open cautiously amid Iran ceasefire t...
Yahoo! FinanceOil price on roller coaster ride as Iran escalation fears gr...
Lenta.ruРешение увеличить добычу нефти назвали символическим
Московский КомсомолецРешение ОПЕК+ об увеличении квот на добычу нефти выглядит оч...
ElNacional.catEl Brent se gira a la baja, hasta los 107 dólares, ante un p...
ElNacional.catEl Brent es gira a la baixa, fins als 107 dòlars, davant un ...
La Voz de GaliciaEl petróleo se gira a la baja, hasta los 107 dólares, ante u...
Investing.com EspañolEl brent se gira a la baja, hasta los 107 dólares, ante un p...
The Times of IndiaSaudi raises Arab Light crude to record premium as Iran war ...
MoneyControlOil stocks slide: Indian Oil, HPCL, BPCL fall 1-2% as crude ...
BildEnergiekrise: 110 Dollar! Ölpreis klettert weiter
Investing.com EspañolEl brent avanza un leve 0,70 % mientras se mantiene el ultim...
Ladepeche.frDIRECT. Guerre au Moyen-Orient : après ses insultes envers l...
mintOil prices extend gains; WTI crude surges to $115/bbl due to...
Spiegel OnlineIran-Krieg: Ölpreis steigt nach Donald Trumps vulgärer Drohu...
www.theepochtimes.comOil Prices Breach $111 as Trump's Deadline for Iran to Reope...
The Times of IndiaOil prices rise as Donald Trump issues fresh ultimatum on St...
Economic TimesOil Price Today (April 6): Crude oil reclaims $110 as Trump ...
Investing.comOil extends surge with focus on Trump's deadline over Strait...
N-tvTrumps Iran-Drohungen verhallen: Ölpreis steigt auf mehr als...
Business StandardOil prices rise as Trump's threats to Iran heighten supply d...
The Wall Street JournalOil Rises, Government Bonds Fall as Trump Steps Up Threats A...
Economic TimesU.S. Stock Market on Monday: S&P, Dow Jones, Nasdaq trading ...
T-online.deTrump droht dem Iran: Ölpreise klettern weiter
ZEIT ONLINEEnergie: Trump droht dem Iran: Ölpreise klettern weiter
The Wall Street JournalOil Futures Rise Amid Increased Supply Disruption Concerns
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