Trump Gives Iran 48 Hours to Open Strait of Hormuz
President Trump told Iran on Saturday it has 48 hours to make a peace deal or reopen the Strait of Hormuz shipping lane. A senior Iranian military official rejected Trump's ultimatum, calling it "helpless, nervous, unbalanced and stupid."
President Trump issued a 48-hour deadline to Iran on Saturday, demanding the country either make a peace deal or reopen the crucial Strait of Hormuz to shipping. Trump warned that "time is running out" and threatened Iran would face "hell" if they don't comply.
A senior Iranian military official quickly rejected the ultimatum, calling Trump's demand "a helpless, nervous, unbalanced and stupid action." The war between the U.S. and Iran shows no signs of slowing as Iran continues to respond to airstrikes with attacks across the region.
The Strait of Hormuz is a narrow shipping lane between Iran and Oman where roughly one-fifth of the world's oil supply passes through daily. Iran's ability to block this waterway gives it major leverage over global energy markets and the world economy.
The escalating conflict has already begun affecting oil and gas prices as markets worry about supply disruptions. Any prolonged closure of the strait could send energy costs soaring worldwide.
The Strait of Hormuz is a narrow waterway where about 20% of the world's oil passes through. If it stays closed, gas prices could spike and hurt the global economy.
Watch for Iran's response before the 48-hour deadline expires and whether Trump follows through on his threats.
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