US President Donald Trump has issued what he described as a “48-hour ultimatum” to Iran to reopen the strategic Strait of Hormuz.
Western Texas Immediate (WTI) is currently up 11.41 percent at $111.5 per barrel while Brent is up 7.8 percent at $109 per barrel.
In remarks circulating on social media and attributed to a Truth Social post, Trump warned that Iran must reopen the Strait of Hormuz within 48 hours or face a new barrage of attacks.
“Remember when I gave Iran ten days to make a deal… time is running out,” Trump said, according to posts shared online.
He warned, “Time is running out – 48 hours before all Hell will reign down on them. Glory be to GOD! President DONALD J. TRUMP”.
People on X were posting that the 48-hour window is expected to expire at 10:05 AM Eastern Time (7:05 PM Pakistan Time) on Monday, April 6, roughly 35 minutes after US financial markets reopen following a three-day holiday weekend.
The timing has intensified investor focus on oil prices, global shipping routes, and geopolitical risk.
The Strait of Hormuz is widely considered one of the most critical energy chokepoints globally. Disruptions following the assassination of Ayatullah Ali Khamenei in February have badly impacted western energy supply chains and South Asian economies, especially Pakistan.