Crude oil prices climbed after President Donald Trump issued a new ultimatum to Iran and threatened military action targeting power plants and other infrastructure if the Strait of Hormuz remains blocked. The Strait of Hormuz, a critical chokepoint through which roughly 20% of global oil supplies pass, has been at the center of escalating tensions between the U.S. and Iran. Trump's latest threats mark a significant escalation in his administration's approach to the standoff.

The market reaction reflects growing concerns about potential disruptions to oil flows from the Persian Gulf region. Energy traders are closely monitoring developments, as any prolonged closure of the strait could severely impact global oil supplies and send prices sharply higher. The threat of military action targeting Iran's power grid and infrastructure adds another layer of uncertainty to an already volatile situation.

Oil futures gained ground on the news, with traders pricing in increased geopolitical risk. The situation underscores how regional conflicts can quickly ripple through global energy markets, affecting prices and supply chains worldwide. Investors are now weighing the potential for further escalation and its impact on oil markets.