President Trump's Iran Deadline Raises Oil Prices, Affects Asian Markets
President Trump has issued a new ultimatum to Iran, threatening to attack its power plants and civilian infrastructure if Tehran does not fully reopen the Strait of Hormuz by Tuesday. This development comes amid ongoing tensions between the U.S., Israel, and Iran, which have been escalating since the conflict began on February 28. The Strait of Hormuz is a critical chokepoint for global oil supplies, handling about one-fifth of the world's oil before the conflict. In response to Trump's threats, Iran has continued its strikes on economic and infrastructure targets in the Gulf region, including Kuwait's oil headquarters. Meanwhile, oil prices have surged, with U.S. West Texas Intermediate and Brent crude both seeing significant increases. Asian markets have reacted to these developments, with Japan's Nikkei 225 and South Korea's Kospi both experiencing gains, despite many markets being closed for holidays. 
