Oil Prices Soar as US Blockade on Strait of Hormuz Continues

Oil prices surge as Trump extends US naval blockade on Strait of Hormuz, aiming to pressure Irans economy. Brent crude futures reach $114 per barrel, WTI at $103. Trump rules out any deal without blockade lift, Iran insists on immediate removal. Global oil stocks dwindling, supplies tight even if strait reopens. Irans storage on Kharg Island nearing capacity, production cuts imminent. UAE mulls leaving OPEC, potentially boosting output by 12% post-crisis. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/811f822f90e8501f

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