Trump gives Iran 48-hour ultimatum to reopen Strait of Hormuz or face strikes on power plants

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. President Donald Trump said if Iran fails to open the vital oil passage, the United States will 'hit and obliterate' Iranian power plants. President Donald Trump issued a 48-hour ultimatum to Iran on Saturday, warning the U.S. would strike its power plants if the Strait of Hormuz is not reopened. "If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!" Trump said in a post on Truth Social. The president's threat represents a notable escalation in rhetoric as tensions surge over the strategically vital waterway. Traffic through the Strait of Hormuz, a global choke point for oil and gas transport that supplies roughly one-fifth of the world’s crude oil, has been largely limited s