WorldTrump’s ‘economic D-Day’ claims first victim: Not Iran, but US markets

Donald Trump has threatened unprecedented economic warfare and isolation against Iran, including sanctions on countries that continue doing business with Tehran. With the Strait of Hormuz closed amid the US-Israel war on Iran, oil prices rose and US stocks suffered their steepest losses in three weeks. An emergency increase in Treasury buybacks failed to calm markets.

Donald TrumpIranUS marketsStrait of Hormuz