‘Take The Oil’: Trump’s Warning To Iran As Strait Of Hormuz Crisis Sends Crude To $111 A Barrel

2 min readNew DelhiApr 3, 2026 07:20 PM IST

US President Donald Trump on Friday said that Washington could “easily” reopen the Strait of Hormuz with a little more time, days ahead of his deadline for Iran to reopen the waterway, which accounted for around 20 per cent of global energy supplies before the war began.

“With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE. IT WOULD BE A ‘GUSHER’ FOR THE WORLD???,” Trump wrote on Truth Social.

This comes in the backdrop of a US troop buildup in West Asia. Earlier, Trump said that if Tehran does not reopen the strait, he would target Iran’s power plants, oil wells, desalination plants and Kharg Island, which handles 90 per cent of Tehran’s oil exports.

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Iran blocked the Hormuz after the US-Israeli assault on February 28, triggering a global energy crunch. WTI crude was recorded at $111 a barrel on Friday evening compared to $65.35 a barrel before the war started. Brent Crude recorded $109, up from $73 a barrel.

After reported strikes hit a major bridge linking Tehran and Karaj, Trump on Thursday night issued a warning, urging Tehran to agree to a deal “before it’s too late.” The US had passed on a 20-point peace proposal to Tehran via Pakistan last week. Tehran has rejected the proposal and put forward a list of demands.

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