Trump's Iran Deadline: Markets on Edge

0:00Investors worldwide are holding their breath as President Trump's deadline hits tonight at 8 p.m. Eastern time for Iran to reopen the straight-of, Hormuz, he's warned that power plants and bridges could get destroyed if they don't comply, and markets are feeling the heat with U.S. stocks dropping hard. Yesterday, S&P 500 down 0.8%, Dow 370 points lower, and NASDAQ off 1%. Australian share market futures dipped just 3 points, or 0.03% early this morning ahead of Wednesday's open even after. Tuesday's gains on rising oil. The Aussie dollar climbed to 69.67 U.S. since, while benchmark crude spiked above $117 a barrel before, settling at $112.95, up half a percent. Brent eased the bid to $109.27, but stays way above pre-war levels around 70 bucks. Folks are spooked by the blockade snarling oil from the Persian Gulf,

1:01pushing gas prices in the U.S. to $4.14 a gallon from under. Three just days before the late February attacks kicked off the war. Airlines like United dropped 3.6% in cruise lines 4.8, while budget spots like Dollar Tree fell 5.1% as inflation fears mount. Iran shot down the latest ceasefire, and once the war ended for good, while young people there are forming human chains to shield key sites. Trump has delayed these threats before, just like he eased some tariffs last year after tough talk. Market-state jittery was no clear trend until tonight's outcome. Maybe a deal, escalated strikes, or bigger retaliation, which could lock in high oil, and slam the global economy for months. That's the story for today, sending news today, driven by AI, I'm Cory with the story.