Trump threatens Iran’s infrastructure over Strait closure

In Short:
– Trump threatened Iran, increasing market uncertainty and oil prices amid escalating geopolitical tensions.
– Traders expect volatility across markets as OPEC meets and deadlines approach.

Global financial markets are facing uncertainty following President Donald Trump’s ultimatum to Iran.On Easter Sunday, Trump threatened to bomb Iran’s infrastructure if the country does not reopen the Strait of Hormuz by April 7.

Trump’s remarks marked an escalation from previous threats, as U.S. military actions against Iran have intensified.

Oil prices have increased due to these geopolitical tensions, with Brent crude at around $109 per barrel and WTI surpassing $112.

JPMorgan warned that ongoing disruptions could push Brent to $120.

Recent U.S. employment data has added to market volatility.

In March, nonfarm payrolls rose by 178,000, significantly higher than expected.

The unemployment rate fell to 4.3%, reflecting strong labour market growth.

The International Monetary Fund cautioned that rate cuts may not occur soon, citing inflation concerns.

The current Federal Reserve policy rate has remained steady since December 2025.

Market instability

Traders anticipate volatile movements across asset classes in the coming week.

Cryptocurrency markets, including Bitcoin and Ethereum, have also experienced sell-offs.

Major equity markets closed lower last week, affected by Trump’s announcement.

Traders are preparing for more market fluctuations as OPEC meets and the deadline approaches.