The near closure of the Strait of Hormuz since the war began has led to a historic oil supply shock, which quickly sent global energy prices soaring.

Time is running out: 48 hours remain before all hell rains down on them, US President said

WASHINGTON: US President Donald Trump on Saturday said Iran had 48 hours left to make a deal on opening the vital Strait of Hormuz or face “Hell.”“Remember when I gave Iran ten…