Middle East Crisis Escalates: Iran Restricts Strait of Hormuz as Trump Issues 48-Hour Ultimatum
Stock Market News·2026-03-22 15:38
Key TakeawaysIran has effectively blockaded the Strait of Hormuz for vessels linked to the U.S., Israel, and their allies, threatening roughly 20% of the world's oil and LNG supply.President Donald Trump issued a 48-hour ultimatum to Tehran, warning that the U.S. will "obliterate" Iranian power plants if the waterway is not fully reopened.Lebanese President Joseph Aoun warned of an imminent "massive" ground invasion by Israel following the systematic destruction of Lebanese bridges and infrastructure.Shin H ...