Gotrade News - Global oil prices have ticked upward following the latest threat from U.S. President Donald Trump aimed at Iran. This threat centers around reopening the Strait of Hormuz, a vital channel that accounts for about 20% of global oil distribution.
The geopolitical tensions between the U.S. and Iran are heating up and warrant close attention. The price of West Texas Intermediate (WTI) crude rose 0.78% to USD 112.41 per barrel, while Brent crude, the global benchmark, strengthened by 0.68% to USD 109.77 per barrel.
Trump has emphasized that a deal with Iran must include the reopening of the Strait of Hormuz. This threat takes place amid ongoing negotiations that Trump claims are being actively followed by the Iranian side.
The oil price surge is closely tied to the statement that the U.S. will respond forcefully if Iran fails to meet the set deadlines. Trump has explicitly stated that he will destroy Iran's infrastructure if no agreement is reached.
Iran has closed the Strait of Hormuz, causing global energy disruptions and soaring oil prices. This closure has led to one of the largest oil supply disruptions in history.
Research firms predict significant impacts on global energy supplies. According to TD Securities, almost 1 billion barrels of oil could be lost by the end of this month due to the conflict.
This projection exacerbates global oil supply forecasts. OPEC+ has agreed to ramp up production, yet distribution issues remain a challenge.
Kuwait Petroleum Corporation reported attacks on their facilities, further straining energy infrastructure. OPEC+ has cautioned that rebuilding this infrastructure will require substantial investment.
Against this backdrop, rising oil prices are now a serious concern for global markets, directly impacting energy costs and potential inflation.
Reference:
- Liputan6, Harga Minyak Naik Tipis Usai Trump Ancam Serang Infrastruktur Iran. Accessed on April 7, 2026
- MetroTV, Harga Minyak Melambung Setelah Iran Menolak Potensi Gencatan Senjata. Accessed on April 7, 2026
- Berita Satu, Harga Minyak Dunia Melonjak setelah Trump Kembali Ancam Serang Iran. Accessed on April 7, 2026
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