Oil Prices Breach $111 as Trump’s Deadline for Iran to Reopen Strait of Hormuz Nears
By Naveen Athrappully
Published on April 6, 2026.
The United States may target Iran's power plants and bridges if Tehran refuses to reopen the Strait of Hormuz, according to President Donald Trump. This comes as Brent crude oil futures open higher than the previous day, amid concerns that the Iran war could worsen over the coming week. The market was closed on Easter Friday due to concerns about the potential impact of the situation.
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