Oil prices remained volatile as traders reacted to escalating geopolitical tensions around the Strait of Hormuz. President Trump issued a 48-hour ultimatum to Iran to reopen the key shipping route, threatening to target its power infrastructure. Tehran responded with threats of striking critical infrastructure across the Middle East, further unsettling global markets. Oil prices remained volatile as traders reacted to escalating geopolitical tensions around the Strait of Hormuz. President Trump issued a 48-hour ultimatum to Iran to reopen the key shipping route, threatening to target its power infrastructure. Tehran responded with threats of striking critical infrastructure across the Middle East, further unsettling global markets.
