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Trump extends Hormuz deadline as energy crisis fuels inflation fears - Mar 27, 2026
As of March 27, today’s news is dominated by ongoing tensions between the U.S. and Iran, with significant ramifications for energy markets and geopolitical dynamics. U.S. President Donald Trump extended the deadline for Iran to reopen the Strait of Hormuz until April 7, after the Iranian government rejected Trump's attempts to broker a truce. The Islamic Revolutionary Guard Corps continues to assert that traffic through the strait, a vital conduit for global oil and LNG supplies, remains prohibited against the allies of what they term Israeli-American aggression. Despite some claims of…
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