Crude oil prices rise as Trump issues ultimatum to Iran over nuclear program
Oil prices rose Friday as Trump set a deadline for an Iran nuclear deal. Falling U.S. stocks and lower Saudi exports further supported the market gains.
President Donald Trump of the United States 
US has set a 10-to-15-day deadline for Iran 
IR to agree to a new deal regarding its nuclear activity, a move that has immediately pushed global oil prices higher. The announcement has heightened concerns about a potential conflict that could disrupt vital energy supplies through the Strait of Hormuz. This maritime passage is a critical chokepoint for the global economy, handling approximately 20% of the world's oil supply.
US has set a 10-to-15-day deadline for Iran IR to agree to a new deal regarding its nuclear activity, a move that has immediately pushed global oil prices higher. The announcement has heightened concerns about a potential conflict that could disrupt vital energy supplies through the Strait of Hormuz. This maritime passage is a critical chokepoint for the global economy, handling approximately 20% of the world's oil supply.
