Oil prices rose on Sunday with U.S. crude topping $114 per barrel, after President Donald Trump gave Iran until Tuesday to open the Strait of Hormuz or face attacks on its power plants.
U.S. crude oil
jumped 2.35% to $114.16 per barrel by 6:08 p.m. ET. International benchmark Brent prices
advanced 1.72% to $110.91 per barrel.
Trump warned Sunday in an expletive-filled social media post that Iran would be “living in Hell” if they do not open the Strait. The president threatened to bomb the country’s power plants and bridges.
