U.S. Sets April 6 Deadline for Iran as Oil Markets Brace for Escalation

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Neutral
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94%
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Short Term

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US President Donald Trump has renewed his warning to Tehran to reach a deal to end the war soon and open the Strait of Hormuz, or he will order air strikes with the aim of "completely obliterating" Iran's oil export hub of Kharg Island, oil wells, and power plants. For the second day in a row, the US leader said a deal is likely at hand, but he also said in a social media post on March 30 that "if for any reason a deal is not shortly reached" US forces will react " by blowing up and completely obliterating all of their Electric Generating Plants,…

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Original article published by OilPrice.com on March 31, 2026.
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