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Oil Prices Top $100/Barrel After Trump's Hormuz Blockade Threat

Oil Prices Top $100/Barrel After Trump's Hormuz Blockade Threat

Prachachat•International•16h ago

Reader Briefing

Global oil prices have surged past $100 per barrel following a renewed threat from U.S. President Donald Trump to blockade all vessels entering or leaving the Strait of Hormuz.

  • •Global oil prices have again exceeded $100 per barrel.
  • •U.S. President Donald Trump threatened to blockade all ships attempting to enter or leave the Strait of Hormuz.
  • •The threat has direct implications for global oil transportation and has caused prices to rise above April 1, 2026 levels.
  • •Iran has been collecting fees for passage through the Strait and has warned of severe attacks on approaching warships.

Overview

  • •Global oil prices surged back to over $100 per barrel on Sunday.
  • •President Donald Trump stated, 'We will not allow Iran to profit from selling oil to those they like, but not to those they dislike, or whatever else (they are doing)... It will be all or nothing.'
  • •The surge followed President Trump's threat to blockade ships in the Strait of Hormuz, impacting global oil transportation.
  • •The price of oil is now higher than the level on April 1, 2026, before Trump's address.
  • •Iran has been collecting up to $2 million per ship in transit fees through the Strait of Hormuz.
  • •Iran's crude oil exports averaged 1.85 million barrels per day throughout March, an increase of approximately 100,000 barrels per day from the previous three months.
  • •Iran's Islamic Revolutionary Guard Corps (IRGC) warned that warships approaching the strait 'will be attacked severely and decisively.'
  • •The plan risks making Americans pay more for gasoline, with U.S. prices averaging $4.12 per gallon on Sunday, up 38% since the war began.

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Source: Prachachat (Original)

Key Quotes

Donald Trump
"We will not allow Iran to profit from selling oil to those they like, but not to those they dislike, or whatever else (they are doing)... It will be all or nothing."
เราจะไม่ยอมให้อิหร่านกอบโกยเงินจากการขายน้ำมันให้กับคนที่พวกเขาชอบ แต่ไม่ขายให้กับคนที่พวกเขาไม่ชอบ หรืออะไรก็ตามแต่ (ที่เขาทำอยู่) …มันจะต้องได้ทั้งหมด หรือไม่ก็ไม่ได้เลย
Islamic Revolutionary Guard Corps (IRGC)
"All warships approaching the strait 'will be attacked severely and decisively.'"
เรือรบทุกลำที่เข้าใกล้ช่องแคบ “จะถูกโจมตีอย่างรุนแรงและเด็ดขาด”

Key Entities

Person

Donald Trump(ทรัมป์)ℹ️
U.S. President who threatened to blockade the Strait of Hormuz, impacting global oil prices.
Karen Young
Senior Fellow at the Middle East Institute who warned about the long-term impact on oil prices and inflation.

Place

United States(สหรัฐฯ)ℹ️
The country whose President issued a blockade threat impacting global oil prices.
Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️
Strategic waterway through which global oil is transported, threatened with blockade.
Iran(อิหร่าน)ℹ️
Country involved in a conflict, financially benefiting from transit fees through the Strait of Hormuz.

Organization

Islamic Revolutionary Guard Corps (IRGC)(กองกำลังพิทักษ์ปฏิวัติอิสลาม (IRGC))ℹ️
Iranian military organization that warned of severe attacks on warships approaching the Strait of Hormuz.
U.S. Central Command (CENTCOM)(กองบัญชาการกลางสหรัฐฯ (CENTCOM))ℹ️
U.S. military command that predicted the timing of the blockade measures.
Middle East Instituteℹ️
Institution where Karen Young works, providing analysis on the conflict's ramifications.