--- title: "Donald Trump Says Strait of Hormuz Will Reopen 'Fairly Soon' As Oil Hovers Around $95" type: "News" locale: "en" url: "https://longbridge.com/en/news/282408718.md" description: "Donald Trump stated that the U.S. aims to reopen the Strait of Hormuz \"fairly soon\" despite ongoing conflict with Iran, which has disrupted global energy flows. He acknowledged the challenges posed by the war but mentioned that other nations reliant on the strait may assist. The blockade has halted ship traffic through this vital energy corridor, affecting oil prices, which remain elevated around $95. U.S.-Iran talks in Islamabad are uncertain as Tehran demands assurances on Lebanon and sanctions relief." datetime: "2026-04-11T03:59:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282408718.md) - [en](https://longbridge.com/en/news/282408718.md) - [zh-HK](https://longbridge.com/zh-HK/news/282408718.md) generator: "portal-rs" --- # Donald Trump Says Strait of Hormuz Will Reopen 'Fairly Soon' As Oil Hovers Around $95 On Friday, **Donald Trump** said that the U.S. aims to reopen the Strait of Hormuz "fairly soon." However, he acknowledged the challenge of doing so amid the ongoing war with Iran. ## **Strait Of Hormuz Crisis Disrupts Global Energy Flows** "It won't be easy … we will have that open fairly soon," Trump told reporters, without outlining specific steps, according to a Reuters report. He added that other nations reliant on the route may assist. "Other countries use the strait … and they'll help out." The blockade, imposed by Tehran following the outbreak of war, has halted ship traffic through one of the world's most vital energy corridors, which carries roughly 20% of global oil and liquefied natural gas supplies. ## **War Escalation And Fragile Ceasefire** Tensions surged after U.S. and Israeli strikes on Iran on Feb. 28 triggered retaliatory attacks on U.S. bases and Israeli targets. Although Trump announced a ceasefire earlier this week, commercial shipping through the strait remains stalled, prolonging supply disruptions and keeping oil prices elevated. ## **US-Iran Talks In Islamabad In Doubt As Oil Holds Near $95** The U.S. and Iran are scheduled to hold talks in Islamabad on Saturday aimed at ending their six-week conflict. However, Tehran cast uncertainty over the meeting, saying negotiations could not proceed without assurances on Lebanon and sanctions relief. The U.S. delegation — led by Vice President **JD Vance** and including Trump's special envoy **Steve Witkoff** and son-in-law **Jared Kushner** — was en route to Islamabad following a refueling stop in Paris. In commodities, **WTI crude** fell 2.29% to $95.63 per barrel as of 6:18:50 p.m. EDT, while **RBOB gasoline futures** rose 0.63% to $3.0197 per gallon and **ULSD heating oil futures** dropped 4.95% to $3.7421 per gallon at 6:18:51 p.m. EDT. **Natural gas futures** declined 0.64% to $2.653 per MMBtu as of 6:18:51 p.m. EDT. ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Image via Shutterstock* ### Related Stocks - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [IYE.US](https://longbridge.com/en/quote/IYE.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) - [603353.CN](https://longbridge.com/en/quote/603353.CN.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) ## Related News & Research - [Mainland Chinese arrivals in first 2 days of ‘golden week’ holiday top 2018 total](https://longbridge.com/en/news/300846836.md) - [Consensus price target for 4AIM SICAF S.p.A decreased by 13% to €98.94](https://longbridge.com/en/news/300844907.md) - [Flydubai co-pilot attacked pilot with axe, attempted 'terrorist' attack, UAE says](https://longbridge.com/en/news/300846163.md) - [Will HDDs Be Replaced by SSDs? Investment Value Analysis of Seagate Technology and Western Digital in the AI Era](https://longbridge.com/en/news/300838673.md) - [Constellation Brands Stock Forecast: Beer Demand Faces a Key Q2 Earnings Test](https://longbridge.com/en/news/300859275.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**