FT
Middle East war live: Trump sets 48-hour deadline for Iran to open Strait of Hormuz
Iran is facing a hard 48-hour deadline from President Trump to reopen the Strait of Hormuz, with the White House threatening direct strikes on Iranian power infrastructure if the demand is ignored. The strait carries roughly 20% of the world's oil supply, making its closure one of the most consequential pressure points in global energy markets. The ultimatum marks a sharp escalation in US-Iran tensions and raises the stakes for any miscalculation on either side.
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Trump sets 48-hour deadline for Iran to open Strait of Hormuz
Trump has issued a 48-hour ultimatum to Iran, threatening military strikes on the country's power infrastructure if it does not reopen the Strait of Hormuz to international shipping. The threat marks a sharp escalation in tensions between Washington and Tehran, with the strategically vital waterway serving as a chokepoint for roughly 20% of global oil supply. A closure of this magnitude would send energy markets into turmoil and ripple across the global economy.
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World faces gas supply cliff edge as Gulf’s final LNG shipments approach ports
Global gas markets are bracing for a significant supply disruption as the last LNG tankers to depart the Middle East before Iran's missile strikes close in on their destination ports. Once these carriers unload, the pipeline of Gulf shipments will go dark, leaving importers scrambling to secure alternative sources. The timing could not be worse, with winter demand ramping up and storage levels already under pressure across key markets.
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