US President Trump threatened to attack Iranian infrastructure if the Strait of Hormuz remains blocked. This has caused WTI crude oil prices to surge near $105.00 amid escalating Middle East conflict. OPEC+ agreed to increase May oil output amid the energy crisis, though some members face production constraints.
US President Trump threatened to target Iranian power plants and bridges if Tehran keeps the Strait of Hormuz closed, showing a hardline stance. Meanwhile, Egypt is intensifying diplomatic efforts to contain the regional crisis. The IRGC has conducted attacks in the Gulf, escalating risks to critical infrastructure in the region.