Oil prices rose after U.S. President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz.

US President Trump plays down prospect of peace talks with Tehran and threatens to blow up Iranian nuclear sites

Oil prices rose after U.S. President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz.

Five tankers have rerouted to avoid Bab el-Mandeb as fears grow that Red Sea disruptions could further raise oil prices, impact shipping routes, and strain US military resources.