Money
Briefing: Oil prices climb to $110 as Trump's Iran deadline extension fails to allay supply fears
Strategic angle: Oil prices traded higher after U.S. President Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.
editorial-staff
1 min read
Updated 15 days ago
Current oil prices have climbed to $110, reflecting heightened concerns over supply disruptions in the market.
President Trump's recent statement indicated that Iran has permitted 10 oil tankers to navigate through the Strait of Hormuz.
However, this development has not alleviated fears regarding overall supply stability, contributing to the upward pressure on prices.