Oil Surges Above $90 After Trump Threatens to Bomb Oman Over Strait of Hormuz
Brent crude broke above $90 a barrel and rose 2.7% on Monday after President Donald Trump threatened to bomb Oman if the country interferes with talks over the Strait of Hormuz.
The remarks landed as a 60-day US-Iran negotiating deadline expired without a resolution, deepening uncertainty across energy markets.
What Trump Actually Said About Oman
The Strait of Hormuz is a narrow waterway between Iran and Oman, carrying roughly one-fifth of global crude oil and liquefied natural gas daily. It has stayed largely closed to normal tanker traffic since fighting began in February.
Trump made the threat in a phone interview with Fox News correspondent Trey Yingst. Asked about talks between Iran and Oman over jointly overseeing the strait, he said that if Oman got in the way, the US would bomb them.
Later in the Oval Office, reporters pressed him to elaborate. Trump said he did not think Oman had behaved very well, but that the situation would be handled easily. This was not his first warning toward the Gulf nation, having made a similar comment at a Cabinet meeting in May.
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