US EditionTrump Threatens Iran's Infrastructure as His Deadline for a Deal Nears
Brent crude rose 1.2% to $110.29 a barrel as traders weighed Trump’s threats and reports of ceasefire talks.
- On Tuesday, President Donald Trump warned of "hell" for Iran unless it reopens the Strait of Hormuz by his self-imposed deadline, putting traders on edge for potential reciprocal attacks by Tehran.
- Trump's repeated threats to destroy civilian infrastructure, including power plants and bridges, have heightened concerns about reciprocal attacks on Gulf states following weekend escalations that diminished de-escalation hopes.
- Brent crude futures rose 1.2 per cent to $110.29 a barrel on supply disruption fears; currency strategist Sim Moh Siong of OCBC said "the markets are obviously nervous" as deadlines are frequently pushed.
- Axios reported the United States, Iran, and regional mediators are discussing terms for a potential 45-day ceasefire, a development that appeared to ease some nerves amid ongoing escalation threats.
- Mark Matthews, head of research for Asia at Bank Julius Baer, suggested markets are betting the war will end relatively soon; fiscal stimulus could outweigh negative impacts even if conflict persists.
28 Articles
28 Articles
Trump vows to target Iran's civilian infrastructure
ABC FOX Montana
Key infrastructure in Iran hit ahead of Trump deadline
Iran said critical infrastructure, including two bridges, was struck Tuesday by the United States and Israel, with US President Donald Trump warning "a whole civilisation will die" if a midnight deadline for a deal to open the Strait of Hormuz…
Trump Risks Disrupting Energy Markets for 'Years’ With Strikes on Iran’s Infrastructure
Julia Demaree Nikhinson/APPresident Donald Trump is hours away from his deadline to attack Iran's civilian infrastructure if the country's government refuses to make a deal to open the Strait of Hormuz.What happens in the hours after a strike, analysts say, could further destabilize the region and global energy markets.Trump on Monday doubled down on his vow to order sweeping strikes against bridges and power plants if the strait remains restric…
Markets on Edge as Hormuz Deadline Looms
Markets on Edge as Hormuz Deadline Looms Global markets teeter on the brink as optimism for a Strait of Hormuz agreement collides with fears of escalating conflict. Traders are waiting for an upcoming U.S. deadline concerning potential negotiations with Iran. Recent conflicts have significantly impacted this critical waterway, affecting economies worldwide.President Trump has issued a warning that Iran might face severe military action if it fai…
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