Trump has given Iran another ten days to open the Strait of Hormuz. What's up with oil prices

US President Donald Trump has extended until April 6 the deadline given to Iran to open the Strait of Hormuz to commercial shipping, including the movement of oil tankers. The previous deadline was due to expire on Friday, March 27.

In a post on the Truth Social platform, Trump wrote that he was suspending the Islamic Republic's "destruction of energy facilities" for 10 days. "Negotiations are continuing and, despite erroneous statements by the lying media and others, are going very well," the American leader assured.

A few hours before this publication, he doubted the prospects of a diplomatic agreement with Iran, Bloomberg recalls. "I don't know if we can do it," the president said during a Cabinet meeting at the White House. - I don't know if we're ready to do it." At the same time, he said Iran had allowed ten oil tankers to pass through the Strait of Hormuz as a goodwill gesture. And Treasury Secretary Scott Bessent said a U.S. insurance program would soon be in place to encourage shipping through the route.

The post on extending the moratorium on strikes was published already after the US stock market closed. In the course of trading, the main U.S. indices collapsed, and futures continued their sharp decline. Exchange contracts for the technology index Nasdaq Composite, which collapsed the most during the session, fell by 2.2%. Oil prices slowed down a bit: Brent traded below $107 per barrel, WTI - below $94.

This article was AI-translated and verified by a human editor