Iran war briefing: Oil prices rise as Trump sends message to Tehran over Strait of Hormuz deadlock

WorldPolitics
30 Apr 2026 • 3:09 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

Iran war briefing: Oil prices rise as Trump sends message to Tehran over Strait of Hormuz deadlock

  • Oil prices surged after reports indicated Donald Trump was considering military action against Iran to resolve the deadlock in the Strait of Hormuz.
  • Donald Trump urged Tehran to “get smart soon” and sign a deal, and claimed “Iran can’t get their act together” in a social media post.
  • The US is forming an international coalition, the Maritime Freedom Construct, to ensure freedom of navigation in the Strait of Hormuz, a critical initiative for Middle East security.
  • The USS Ford aircraft carrier is departing the Middle East after a record-breaking deployment, having been involved in the conflict with Iran.
  • Defence Secretary Pete Hegseth faced parliamentary scrutiny over the Iran war's estimated $25bn cost so far, amidst rising tensions with Iran.