Oil price rises after Trump warns Iran

Global oil prices are now above $110 a barrel. This happened after US President Donald Trump warned Iran.

On Monday, Brent crude rose 1.6% to $110.85, and US oil rose 0.8% to $112.40.

Trump said the US would attack Iran's power plants and bridges if the Strait of Hormuz is not open.

Oil and gas shipments from the Middle East are being disrupted because of threats from Tehran.

The disruption is causing higher energy prices and concerns about inflation around the world.

Trump has given Iran deadlines to remove its threats, but he repeated his demands on social media.

The next paragraph has strong language.

Trump wrote a strong message to Iran, warning them to open the Strait of Hormuz or face attacks.

Trump later said an agreement might be reached on Monday, but he did not give details.

Trump told Fox News he might take over the oil if a deal is not reached soon.

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Latihan mendengarkan