Trump's Ultimatum Risks Further Stocks Collapse -- Market Talk

Dow Jones03-23

2103 GMT - President Trump's deadline to reopen the Strait of Hormuz has placed a 48-hour ticking time bomb of elevated uncertainty over markets, says Tony Sycamore, market analyst at IG Australia. If the ultimatum is not walked back then global equity markets are likely to extend last week's falls as oil prices spike higher again, he says. Iran's power grid is deeply intertwined with its energy sector. Striking major plants would trigger blackouts, crippling everything from pumps and refineries to export terminals and military command centers. This would render the blockade economically and politically unbearable for Tehran, Sycamore says. (james.glynn@wsj.com; X @JamesGlynnWSJ)

(END) Dow Jones Newswires

March 22, 2026 17:03 ET (21:03 GMT)

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