President Trump's Deadline for Iran to Reopen Oil Route Spurs Market Volatility
Asian shares experienced mixed trading as oil prices surged ahead of a deadline set by President Trump for Iran to reopen the Strait of Hormuz. The U.S. President has threatened military action against Iranian power plants and bridges if the strait is not opened to all shipping traffic. This geopolitical tension has led to fluctuations in global markets, with the S&P 500 and Dow Jones Industrial Average experiencing declines. The oil market has seen significant price increases, with U.S. crude reaching $116.83 per barrel. The ongoing conflict has disrupted oil production and transportation in the Persian Gulf, contributing to market instability. 
