US EditionAsian Shares Are Mixed Ahead of Trump's Deadline for Iran to Reopen Oil Route
Brent crude rose 1.4% after OPEC+ lifted May output quotas, while traders weighed threats of attacks on Gulf targets and a thin holiday session.
- Asian markets climbed Monday as Brent crude futures rose 1.4% to $110.58 a barrel, following President Donald Trump's threats of military action against Iran if the Strait of Hormuz remains closed.
- Trump warned that "Monday will be Obliteration Day" if Iran does not reopen the Strait of Hormuz, while OPEC+ members agreed on Sunday to increase oil output quotas by 206,000 barrels daily for May.
- U.S. Special Operations forces rescued an Air Force weapons officer on Saturday after his jet was shot down over Iran, as Iranian operatives repair missile bunkers struck by U.S. and Israeli bombs.
- Traders remain on edge regarding potential reciprocal attacks by Iran against targets in the Gulf states, compounded by Trump's threats to destroy critical infrastructure including power plants and bridges.
- The Federal Reserve's two-day policy meeting ending April 29 remains in focus, with swaps pricing indicating the central bank will hold rates steady until September 2027 according to CME Group's Fedwatch tool.
53 Articles
53 Articles
Asian shares mostly higher ahead of Trump's deadline for Iran to reopen oil route
Asian shares are trading mostly higher as oil prices continued to surge ahead of a deadline that U.S. President Donald Trump set for Iran to fully reopen the Strait of Hormuz or risk its power plants and bridges being bombed.
Associated Press News
Oil prices plunge and US stock futures jump as US and Iran agree to 2-week ceasefire
Oil prices plunged and U.S. stock futures jumped after President Donald Trump held off on his threat of devastating attacks on Iran.
Asia markets brace for Trump's promised assault on Iranian infrastructure
SINGAPORE: Oil prices rose, bonds fell and stocks were mixed at the start of trading in Asia on Monday (Apr 6) as US President Donald Trump vowed "hell" if Tehran does not meet his deadline to reopen the Strait of Hormuz.Trump's
Asia markets brace for Trump’s promised assault on Iranian infrastructure
By Gregor Stuart Hunter SINGAPORE, April 6 (Reuters) – Oil prices rose, bonds fell and stocks were mixed at the start of trading in Asia on Monday as U.S. President Donald Trump vowed “hell” if Tehran does not meet his deadline to reopen the Strait of Hormuz. Trump’s repeated threats to destroy civilian infrastructure including power plants and bridges if the vital waterway is not open by Tuesday have put traders on edge for reciprocal attacks…
Trump Threatens to Destroy Iran’s Infrastructure
President Trump threatened to destroy Iran’s energy plants and bridges if the Strait of Hormuz isn’t reopened. Said Trump: “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!!” He added: “Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah.”
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