Hormuz Strait Crisis: Oil Prices Remain Tense Despite Trump's Ultimatum
Despite President Trump's announcement to end the war with Iran, the US Energy Information Administration warns that fuel prices could continue to rise for months after the possible reopening of the Strait of Hormuz. Trump set Iran an ultimatum to end the blockade of Persian Gulf oil supplies by Tuesday evening (Washington time), threatening that "an entire civilization will die tonight." The conflict between the USA and Iran is now in its second month.