U.S. crude oil jumped from $112 to roughly $114 per barrel during President Donald Trump’s Monday press conference, as the president threatened to destroy Iran’s civilian infrastructure within four hours if the Strait of Hormuz is not reopened by Tuesday at 8 p.m. ET.
“Every bridge will be decimated, every power plant, complete demolition, over a period of four hours,” Trump said.
Trump Says Iran Has ‘No Method Of Communication’
Trump opened by discussing the rescue of the second crew member from a downed F-15E fighter jet, calling it “very historic.”
He then claimed Iran’s communications infrastructure has been destroyed and that the regime is “using children to bring a notebook back and forth,” in order to discuss a deal with him.
A 45-day ceasefire proposal circulated by mediators was submitted to both sides over the weekend.
Trump called it “a significant step” but said Iran had not gone far enough.
Iran rejected any temporary …
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