HONG KONG, April 7, 2026 (BSS/AFP) - Oil prices rose Tuesday while equities were mixed as investors assessed Donald Trump's latest deadline for Iran to reopen the strategic Strait of Hormuz or be "decimated". "I mean complete demolition by 12 o'clock, and it'll happen over a period of four hours -- if we wanted to." The threat came after a profanity-laced social media post on Easter Sunday in which he vowed Iran would be "living in Hell" if it didn't reopen the Strait. Both main oil contracts rose Tuesday, with West Texas Intermediate topping $115 -- its highest in a month -- and Brent sitting around $111. "Financial markets are oscillating in a narrow, uneasy range as traders sized up the countdown to Donald Trump's Iran deadline," wrote Stephen Innes at SPI Asset Management.

Source: Bangladesh Sangbad Sangstha April 07, 2026 03:38 UTC