Trump threatens to attack Oman as crude surges above $90

In summary:

Brent reached session highs above $90 per barrel, rising nearly 2.7% following Trump's statements. (Source: Infobae, close at $90.87, +2.66%)

In an interview with Fox News (Trey Yingst), Trump warned: if Oman "gets in the way" of any potential agreement with Iran regarding the Strait of Hormuz, the United States will bomb it. He also called on Tehran to "surrender." (Source: AFP/Reuters)

Maritime transit through the strait remains severely reduced: only 13 vessels crossed during the weekend, according to MarineTraffic data, demonstrating how uncertainty is already stifling oil traffic.

Approximately 20% of global oil and liquefied natural gas consumption passes through Hormuz, explaining the market's immediate sensitivity to any sign of conflict.

📌 Note: so far, this is merely a verbal threat; there is no confirmation of an ongoing military operation against Oman.

$BZ

#Oil prices surge amid tensions in the Middle East