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Oil Surges to Four-Year High After Trump’s ‘No More Mr Nice Guy’ Warning

  • On Wednesday, President Donald Trump posted a warning on Truth Social threatening an "extended blockade" of the Strait of Hormuz, declaring the approach would mean "no more Mr. Nice Guy" amid stalled diplomacy with Iran.
  • Negotiations remain deadlocked after a planned trip to Islamabad was canceled, following previous failed efforts led by Vice President Vance to secure a nonnuclear deal with Tehran.
  • Brent Crude prices neared $115 per barrel, their highest level since June 2022, while the Treasury has frozen $344 million in cryptocurrency assets linked to the Iranian government.
  • The United Arab Emirates announced Tuesday it will leave OPEC on May 1, further destabilizing oil markets as the White House reports Iranians are "struggling to sort out their leadership situation."
  • Military options for the Strait remain under review by the White House, which maintains that Iran cannot possess a nuclear weapon as global tensions persist over the blockade.
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Oil prices have increased significantly after US President Donald Trump's threats against Iran. Late Wednesday evening, the surcharges were extended.

·Berlin, Germany
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cedarnews.net broke the news on Wednesday, April 29, 2026.
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