Oil prices climb as Hormuz stays shut ahead of Trump deadline

BENGALURU: Oil prices ​extended gains on Tuesday as a US-imposed deadline loomed for Iran to open the Strait of Hormuz or be “taken out,” ‌with US President Donald Trump threatening to order attacks on Iranian bridges and power plants. Brent crude futures rose $1.74, or 1.6 percent, to $111.51 a barrel by 08:30 a.m. Saudi time, while US West Texas Intermediate crude futures were up $3.45, or 3.1 percent, at $115.86. Trump has threatened to rain “hell” on Tehran if it fails to comply with his deadline of 8 p.m. EDT ​Tuesday (00:03 a.m.

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