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Oil prices rise as Trump threatens Iran over Strait of Hormuz closure deadline

Market News
06 Apr 2026
CNBC
View Source
Bearish
pluang ai news

Oil prices increased after U.S. President Donald Trump threatened to attack Iran's infrastructure if it did not reopen the Strait of Hormuz by Tuesday. The closure of this key waterway has caused a supply shock, pushing crude and fuel prices higher since the conflict began on February 28. While Iran proposed a 10-point plan for a permanent ceasefire and safe passage, the U.S. deemed it insufficient. Shipping through the strait is slowly resuming, but remains well below pre-war levels, keeping oil markets sensitive to further developments.

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Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

Purecore signs LOI to option 100% of Yurchison uranium property in Canada's Athabasca Basin

Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...

Company Fundamentals
Bullish
19 minutes ago
Shirofune launches Walmart Connect to automate and unify retail media campaign management.

Shirofune launches Walmart Connect to automate and unify retail media campaign management.

Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...

Market News
Bullish
19 minutes ago
Point closes $508.6M HEI securitization, largest ever in home equity investment class

Point closes $508.6M HEI securitization, largest ever in home equity investment class

Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...

Company Fundamentals
Bullish
19 minutes ago
Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...

Market News
Bullish
1 hour ago
Red Light Holland ships pharmaceutical-grade psilocybin PEX010 to EU for clinical studies after acquiring Filament Health.

Red Light Holland ships pharmaceutical-grade psilocybin PEX010 to EU for clinical studies after acquiring Filament Health.

Red Light Holland, after acquiring Filament Health, has expanded its capabilities in pharmaceutical-grade psilocybin development. Filament completed a shipment of its botanical psilocybin drug candidate, PEX010, to the European Union to support multi...

Company Fundamentals
Bullish
4 hours ago
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