TOKYO, Japan – Oil prices rose early Monday after US President Donald Trump gave Iran a 48-hour ultimatum to open the Strait of Hormuz or face decimation of its energy infrastructure and Israel warned the war would continue for several more weeks. Shortly after the 2200 GMT open, the price of West Texas Intermediate (WTI), the US benchmark crude, for May delivery was up 1.8 percent to just over $100 per barrel, before retreating slightly. READ: /iran-threatens-middle-east-infrastructure-after-trump-ultimatum The price of North Sea Brent crude for May delivery rose at a similar rate, to $113.44 per barrel before sliding to around […]... Keep on reading: Oil prices up following Trump ultimatum on Iran