• Wed, Apr 8, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

7 April 2026 21:50  |

Oil Rises Ahead of Trump Deadline, Hormuz Risk Remains Locked

Oil prices rallied again ahead of US President Donald Trump's 8:00 PM ET deadline on Tuesday for Iran to reopen the Strait of Hormuz. WTI briefly climbed to around US$116.7/barrel, while Brent held above US$110/barrel amid rising supply risk premiums.

The rise followed reports of a US attack on military targets on Kharg Island, an Iranian oil export hub, although US officials stated that oil infrastructure on the island was not targeted. However, direct military action continues to raise concerns about supply disruptions, as Hormuz remains blocked, a waterway that typically carries about a fifth of global oil flows.

Trump emphasized the consequences if Iran does not meet demands—including the opening of Hormuz and a cessation of hostilities—and signaled that the door to diplomacy remains open. With negotiations yet to show a breakthrough, energy markets remain priced in for an escalation scenario, potentially leaving oil prices volatile until there is certainty regarding Hormuz and the next military action.

Source: Newsmaker.id

Related News

OIL

Oil Prices Rise for Two Days in a Row, Supported by Trade ...

Oil rose a second day on optimism over US trade talks ahead of next week’s deadline, and as tightness in diesel markets bo...

25 July 2025 10:56
OIL

API Reports Surge in US Stockpiles, Oil Softens!

Oil prices weakened slightly on Wednesday morning after data from the American Petroleum Institute (API) showed a rise in US ...

18 March 2026 08:44
OIL

Brent Fluctuates, Markets Confused Between Sanctions and Su...

Oil prices experienced volatile movements on Tuesday (July 15th), amid market uncertainty over the impact of US President Don...

15 July 2025 21:42
OIL

Brent Prices Fall Slightly, Hormuz Risks Loom

Oil prices corrected slightly in quiet Asian trading, as market participants awaited the outcome of the US-Iran talks in Gene...

17 February 2026 12:45
BIAS23.com BIAS23.com NM23 Ai