Trump issues Easter ultimatum, threatens Iran with destruction over Strait of Hormuz blockade as markets brace for volatility
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.
