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Trump, King Charles push Iran nuclear ban, oil jumps

4/29/2026

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Summary

Story summary

U.S. President Donald Trump says Britain’s King Charles III also believes Iran must never acquire a nuclear weapon.
Iran offers to reopen the Strait of Hormuz if the United States lifts the blockade, postponing nuclear talks.
Brent crude rose to $111.78 a barrel as only seven of 125-140 ships crossed the strait under the blockade.

History

Historical Context

In October 1973 OAPEC, led by Saudi Arabia and Iran, cut output and raised the posted oil price from $3 to $12 a barrel—a near-300% jump that triggered the first oil shock and spurred the West to create strategic reserves and the International Energy Agency. That legacy of energy-security politics frames the joint warning by President Donald Trump and King Charles III to Iran over its nuclear ambitions.

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Story summary

U.S. President Donald Trump says Britain’s King Charles III also believes Iran must never acquire a nuclear weapon.
Iran offers to reopen the Strait of Hormuz if the United States lifts the blockade, postponing nuclear talks.
Brent crude rose to $111.78 a barrel as only seven of 125-140 ships crossed the strait under the blockade.

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