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Oil prices rise after President Trump set a Tuesday night deadline for Iran to reopen the Strait of Hormuz.
President Trump set a Tuesday night deadline for Iran to reopen the Strait of Hormuz.
KEY POINTS
- Trump threatened to target Iranian bridges and electric plants if the strait remains closed.
- Iran rejected a 45-day cease-fire proposal and demanded permanent guarantees and sanctions relief.
- Morgan Stanley estimates aluminum supply losses from the Middle East conflict could persist through 2026.
- Disrupted aluminum operations account for about 4% of global supply and may take 12 months to restart.
COMPANIES
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