President Trump said Iran has about three days before its oil pipelines risk explosion from being clogged up, as the country grapples with a shortage of storage space for the oil it produces. Shipments from Iranian ports have been halted during the U.

The president warned of potential reservoir damage and rising global prices as Iran's storage neared critical capacity during the ongoing conflict

US President Donald Trump on Sunday issued a new warning to Iran, claiming the country has just three days to agree to a ceasefire deal to end the war, or its oil pipelines will “explode from within.”In an interview with Fox News,

Donald Trump has three challenging choices to ponder over before deciding his next move with Iran. He also claims the country's oil pipelines will erupt in just days.

President Trump claimed Sunday that Iran’s oil infrastructure may explode in about three days due to mechanical issues exacerbated by the US blockade on its vessels. “When you have, you know, lines of vast amounts of oil pouring through your system,

Oil hasn't surged to $200 like some, including Trump, had expected. Business Insider spoke to energy market pros about what's kept a lid on prices.

Oil futures end the week higher on disappointment that the Strait of Hormuz hasn’t reopened. Gains are capped by cautious optimism as U.S. and Iranian officials head to Islamabad for more talks after planned meetings were postponed earlier in the week.

SLB and Halliburton both said this week they expect crude prices to remain higher for longer. That will have immediate implications for a host of products — none as scrutinized as gasoline.