Stock markets plunge after Trump’s ultimatum on Iran
Stocks slump in Asia and Europe, gold slides and investors brace for higher oil prices after US president’s threatBusiness live – latest updatesMiddle East crisis – live updatesGlobal stock markets dropped sharply on Monday after Donald Trump threatened to “obliterate” Iran’s power...
<p>Stocks slump in Asia and Europe, gold slides and investors brace for higher oil prices after US president’s threat</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/mar/23/stock-markets-gold-dollar-trump-iran-ultimatum-uk-economy-growth-borrowing-costs-latest-news-updates"><strong>Business live – latest updates</strong></a></p></li><li><p><a href="https://www.theguardian.com/world/live/2026/mar/23/middle-east-crisis-live-iea-chief-says-iran-war-energy-crunch-worse-than-1970s-oil-crises-and-ukraine-war-combined"><strong>Middle East crisis – live updates</strong></a></p></li></ul><p>Global stock markets dropped sharply on Monday after Donald Trump threatened to “obliterate” Iran’s power plants unless the strait of Hormuz is opened.</p><p>Stock markets in Asia and Europe slumped at the start of the week. Japan’s Nikkei share index dropping by 3.4%, China’s CSI 300 down 2.8%, and the South Korean Kospi fell 6.5%.</p> <a href="https://www.theguardian.com/business/2026/mar/23/stock-markets-donald-trump-iran-gold-oil-prices">Continue reading...</a>
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