Oil prices fall after Trump warns Iran over Strait of Hormuz

"If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far."

— Donald Trump , Politician

"The longer the disruption goes on... the more drastic the consequences for the global economy."

— Amin Nasser , Executive

"If there’s no change in the picture on prices from now on forward, we estimate something like a 1% higher level of consumer prices in the UK by the end of the year."

— David Miles , Academic

"In oil markets, conditions have deteriorated in recent days."

— Fatih Birol , Executive

"the war against Iran was 'very complete' and that Washington was 'very far ahead' of his initial four-to-five-week timeframe."

— Donald Trump , Politician

"Iran would be hit '20 times harder' if it moved to block oil shipments through the Strait of Hormuz."

— Donald Trump , Politician

"the war against Iran was 'very complete' and that Washington was 'very far ahead' of his initial four-to-five-week timeframe."

— Donald Trump , Politician

"Iran would be hit '20 times harder' if it moved to block oil shipments through the Strait of Hormuz."

— Donald Trump , Politician

"oil tankers must be 'very careful' in the prevailing security environment."

— Esmail Baghaei , Politician

"lasting security in the Strait of Hormuz was unlikely while the United States and Israel continued military operations against Iran."

— Ali Larijani , Politician

"if Iran tried 'anything cute', it could face total destruction."

— Donald Trump , Politician