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Trump Issues 48-Hour Ultimatum to Iran, Threatens to Target Power Facilities, Iranian Warns of Complete Blockade of Hormuz Strait

Summary: In a escalating Middle East situation, Trump has issued a 48-hour ultimatum to Iran, demanding the unconditional opening of the Hormuz Strait, or else targeting its power plants and other critical infrastructure. Iran has responded by warning of completely shutting down this global energy lifeline if attacked, and expanding the scope of retaliation to energy, ...

In a escalating Middle East situation, Trump has issued a 48-hour ultimatum to Iran, demanding the unconditional opening of the Hormuz Strait, or else targeting its power plants and other critical infrastructure. Iran has responded by warning of completely shutting down this global energy lifeline if attacked, and expanding the scope of retaliation to energy, information technology, and desalination facilities.

As the conflict enters its fourth week, about one-fifth of global oil and gas shipments are disrupted, leading to a significant surge in energy prices. Market concerns over supply chain disruptions further fueling inflation and impacting the global economy, with geopolitical risks continuing to spill over.

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