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Trump Demands Strait Reopen In 48 Hours, Threatens Power Plants Like It’s Payday

Trump Demands Strait Reopen In 48 Hours, Threatens Power Plants Like It’s Payday
Photo by Jon Tyson on Unsplash

KEY POINTS

  • Trump issued a 48-hour ultimatum on Saturday night demanding Iran reopen the Strait of Hormuz or face power plant destruction.
  • Brent crude briefly hit $113 on Sunday, remaining about 55% higher since U.S. strikes on Iran began.
  • NATO and 21 other countries are coordinating a U.K.-led effort to secure safe passage for oil tankers through the Strait.

Oil prices are currently strutting above $100 per barrel like they just got a participation trophy for surviving Iran’s Strait of Hormuz lockdown in Week 4 of the ongoing Iran drama. After President Trump casually issued a 48-hour ultimatum Saturday night to reopen the Strait, threatening to turn Iran’s power plants into a meme-worthy pile of rubble, Brent crude flirted with $113 before chilling out a bit Sunday evening. Meanwhile, U.S. gasoline edged near $3.94 a gallon – that’s the wallet-shrug before your next existential crisis. Former Energy Secretary Dan Brouillette, a Trump vet, optimistically predicts prices will drop soon, assuming a magical ceasefire happens. NATO, led by a U.K.-fronted 22-country club (including Japan, Australia, and the UAE), is awkwardly trying to negotiate safe passage, proving international diplomacy is still weirdly complicated.

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Source: Axios | Published: 3/22/2026 | Author: Ben Geman

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