President Trump is increasing pressure on Iran as negotiations over the Strait of Hormuz and broader regional tensions continue. Trump said he believes a deal could happen quickly, but warned that if Iran does not cooperate by Tuesday, the U.S. may escalate with major attacks on infrastructure. At the same time, the International Energy Agency is warning that panic buying and export restrictions in Asia could make the oil crisis far worse. The article argues that fuel hoarding, especially by major Asian countries, could spread shortages and higher prices worldwide.
Trump says Iran has until Tuesday to make a deal or face major U.S. strikes, while the IEA warns Asian fuel hoarding could trigger a wider global oil crisis. #Trump #Iran #StraitOfHormuz #Oil #MiddleEast pic.twitter.com/oF04GoKK78
— Matthew Brady (@mattbrady775) April 5, 2026
- President Donald Trump said negotiations with Iran could produce a deal by Monday, but warned that if no agreement is reached by Tuesday, the U.S. could escalate dramatically. He reportedly told Fox News reporter Trey Yingst that he is considering “blowing everything up” and targeting Iranian infrastructure if talks fail.
- Trump said Iranian negotiators have been granted temporary amnesty while negotiations continue.
- Trump posted on Truth Social that Iran must “open the Strait,” referring to the Strait of Hormuz, and threatened severe consequences if shipping disruptions continue.
- The article says Trump believes there is a “good chance” of a deal being reached within 24 hours.
- International Energy Agency chief Fatih Birol warned that Asian countries are beginning to hoard oil and refined fuel products, which could worsen the global energy shock.
- Birol urged countries not to impose export bans, saying such restrictions would hurt allies and neighboring countries.
- The article suggests China may be the unnamed country restricting exports of gasoline, diesel, and jet fuel.
- The IEA has already released 400 million barrels from emergency reserves to stabilize markets.
- JPMorgan analysts warned that the energy shock is spreading from Asia to Africa, Europe, and eventually the U.S. West Coast, including California.
- Analysts quoted in the article argue that panic buying and fuel hoarding could magnify the crisis more than the physical oil shortage itself.
