President Trump's 48-hour deadline for Iran to reopen the Strait of Hormuz or face strikes on its power plants marks a sharp escalation as the conflict enters its fourth week; Macquarie Associate Professor Adam Lockyer warns the situation could escalate further. The standoff risks disrupting oil shipments through the Strait and may prompt risk-off moves across energy markets and broader financial markets.
President Trump's 48-hour deadline for Iran to reopen the Strait of Hormuz or face strikes on its power plants marks a sharp escalation as the conflict enters its fourth week; Macquarie Associate Professor Adam Lockyer warns the situation could escalate further. The standoff risks disrupting oil shipments through the Strait and may prompt risk-off moves across energy markets and broader financial markets.
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