
Oil prices were volatile after President Donald Trump issued an expletive-filled warning to Iran over the Strait of Hormuz; Brent briefly rose above $110 before easing as U.S. and Iranian officials traded plans for a possible ceasefire. The threat — including a warning to destroy Iranian power plants and bridges if the waterway was not reopened — intensified market and diplomatic tensions. The outburst coincided with sharp moves in crude futures and reinforced energy-market anxiety.
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