Trump Threatens Iran, Oil Prices Surge Past $116

Oil prices rose significantly, with Brent crude surpassing $116 per barrel, following a stark ultimatum issued by former President Donald Trump to Iran. Trump warned that unless the Strait of Hormuz is opened for business, the U.S. would completely obliterate Iran's oil wells and power plants, particularly targeting the critical Kharg Island export hub.

This warning comes as negotiations between the U.S. and Iran have stalled, with a deadline approaching on April 6. Iranian officials, including Parliament Speaker Mohammad Bagher Ghalibaf, have publicly denied any direct talks with the U.S., accusing Washington of sending contradictory signals.

Trump's threats also included the destruction of desalination plants, which could have severe humanitarian consequences for millions of Iranians amid ongoing drought and mismanagement. The situation remains tense, with Iranian naval forces increasing patrols in the region, and the U.S. military prepared to enforce its demands regarding the Strait of Hormuz.