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Oil cargo prices surge as fears of supply shortage grip market

Address by Trump signalling possible escalation of Iran conflict raises prospect of prolonged closure of Strait of Hormuz Grouped from 2 articles across 2 sources.

2 reports2 sourcesApr 3, 2026, 12:09 AM
FilterFinancial Times
Clustered coverageCNBC, Financial Times
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Financial TimesApr 3, 2026, 12:09 AM

Oil cargo prices surge as fears of supply shortage grip market

Address by Trump signalling possible escalation of Iran conflict raises prospect of prolonged closure of Strait of Hormuz

CNBCApr 2, 2026, 6:56 PM

U.S. oil prices soar 11% as Trump's Iran war speech stokes fears of further escalation

Oil surged as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.

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