Us President Donald Trump: Iran's Handling of Oil Through Strait of Hormuz Is Not Agreement We Have

FXStreetApr 9, 2026 11:49 PM

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US President Donald Trump accused Iran of doing a "very poor job" of handling oil through the Strait of Hormuz and is saying it was "not the agreement we have,” BBC reported late Thursday. Trump further stated that Iran "better not be" charging ships to pass through the key waterway.

Trump said that he expects Iran to comply with terms he says were agreed on for a ceasefire ahead of planned negotiations this weekend, warning that if it doesn't, he'll order large-scale attacks on the country.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is up 0.31% on the day at $91.95.

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