Strait Showdown: Trump’s 48-Hour Ultimatum Rattles Markets as Hormuz Tensions Escalate

Wall Street futures signaled mounting unease Sunday night as President Trump issued a 48-hour ultimatum to Iran: reopen the Strait of Hormuz or face destruction of power plants. Dow Jones futures slipped ↓ 78 points, while S&P 500 futures fell ↓ 0.25% and Nasdaq futures dropped ↓ 0.32%. Benchmark U.S. crude dipped ↓ 0.12% to $98.11 per barrel, with Brent crude easing ↓ 0.38% to $111.76. The national average gasoline price hit $3.94 per gallon—up more than $1 from last month—according to AAA data.

Analysis by: Elara Vance

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