- Shannon Stapleton/ReutersOil prices pushed higher Sunday after President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz is not reopened. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. Trump had issued a similar two-day ultimatum to Iran on March 21, only to extend the deadline to April 6. The threat is a stark contrast to Trump’s claims last week that the US did not need the Strait of Hormuz. The oil disruption has pushed average gas prices in the US to their highest since 2022.

Source: CNN April 05, 2026 23:29 UTC