Trump Vows Intensified Strikes on Iran
Analysis based on 23 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026
Markets reacted negatively to Donald Trump's vow of intensified strikes on Iran, with stocks sliding and Brent Crude prices surging due to fears of prolonged conflict and global energy supply disruptions. The closure of the Strait of Hormuz by Iran further exacerbated these concerns, leading to increased volatility and uncertainty for investors.
Hopes for a swift end to the Middle East war have faded after US President Donald Trump vowed more aggressive strikes on Iran, stating that military operations would intensify in the next two to three weeks. This announcement, made in a prime-time speech, disappointed investors who were hoping for a clearer timeline for de-escalation. In response, Iran's armed forces warned of 'more crushing, broader and more destructive' attacks against the United States and Israel. The conflict has led to significant market volatility, with stocks sliding and Brent Crude prices surging by 6-8% to over $100 per barrel. The Strait of Hormuz, a critical energy conduit, has been largely closed by Iran, causing global energy supply chaos and pushing up costs. The International Monetary Fund, World Bank Group, and International Energy Agency have warned of 'substantial, global and highly asymmetric' effects of the war. Donald Trump also suggested the war could escalate if Iranian leaders do not give in to US terms, with potential strikes on Iran's energy and oil infrastructure. Despite mediation efforts by Pakistan, a senior Iranian source stated that Tehran is demanding a guaranteed ceasefire and no talks have taken place on a temporary truce. The US embassy in Baghdad has urged its citizens to leave Iraq due to warnings of attacks by Iran-allied militia.
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