Oil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely

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Oil prices rose Sunday after President Donald Trump threatened to “obliterate” Iran’s power plants if the Strait of Hormuz is not reopened by Monday evening.

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Oil prices rise after Trump issues ultimatum and Iran threatens to close the Strait of Hormuz indefinitely

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Markets wait for Trump and Iran to follow through on Hormuz threats that carry potentially catastrophic results