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Trump Threatens Iran, Oil Rises Over Hormuz Tensions

5/1/2026

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Story summary
  • U.S. President Donald Trump warned Iran on Truth Social early Thursday, threatening action in the Strait of Hormuz.
  • West Texas Intermediate rose to $102.75 and Brent to $114.62 a barrel after the post.
  • White House press secretary Karoline Leavitt said Tehran would reopen the Strait of Hormuz if the United States lifts its port blockade.
  • Trump canceled a planned Islamabad trip that was meant for further talks with Iran.