Donald trump said he had pushed back the deadline for Iran to reopen the Strait of Hormuz once again following a request from Tehran

Donald trump said he had pushed back the deadline for Iran to reopen the Strait of Hormuz once again following a request from Tehran

Oil prices fell Friday after Donald Trump again pushed back a deadline for Iran to reopen the Strait of Hormuz, though most equities also dropped as traders shrugged at the news following a series of conflicting messaging from the White House.

The US president had warned last Saturday he would obliterate the Islamic republic's energy sites if it did not unblock the crucial waterway within 48 hours, but pushed that back five days citing positive peace talks, which Tehran denied had taken place.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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