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Markets Brace for Chaos as Trump Issues Iran Ultimatum

Source: bloomberg.com

Global stocks are plunging due to the escalating war with Iran.
Trump demands Iran reopen the Strait of Hormuz by tomorrow or face more action.
Oil prices hit $108 per barrel, fueling inflation fears and bond selloffs.

Markets are tumbling as the US-Iran war intensifies, with Trump giving Iran a 48-hour ultimatum to reopen the Strait of Hormuz. This choke point for oil shipments is closed, spiking energy costs worldwide. The chaos threatens economies already strained by higher prices and uncertainty.