Oil prices today: Crude rises over 1% as Donald Trump warns Iran, Hormuz concerns persist

Global crude oil prices climbed more than 1% on Friday after US President Donald Trump said he would not remain “much more patient” with Iran, while fears over attacks on ships and disruptions in the Strait of Hormuz continued to keep markets on edge.

Oil prices today: Crude rises over 1% as Donald Trump warns Iran, Hormuz concerns persist. Global crude oil prices climbed more than 1% on Friday after US President Donald Trump said he would not remain “much more patient” with Iran, while fears over attacks on ships and disruptions in the Strait of Hormuz continued to keep markets on edge. Brent crude futures rose $1.32, or 1.25%, to $107.04 a barrel by 0425 GMT, while US West Texas Intermediate (WTI) crude gained $1.33, or 1.31%, to $102.50 per barrel, as per Reuters. For the week, Brent has surged nearly 6%, while WTI has climbed more than 7%, driven by uncertainty surrounding the fragile ceasefire in the Iran conflict and concerns over oil supply disruptions through the Strait of Hormuz. “I am not going to be much more patient,” Trump said in an interview with Fox News on Thursday nig...