#Trump's48HourUltimatumNearsEnd President Donald Trump issued a 48-hour ultimatum to Iran on March 22, 2026, demanding the full reopening of the Strait of Hormuz or face U.S. strikes on Iranian power plants.�� As of March 23, the deadline is nearing its end with no compliance from Tehran, heightening fears of escalation.�� Iran remains defiant, threatening retaliation against U.S. and allied energy infrastructure in the Gulf.��Ultimatum DetailsTrump posted the demand on Truth Social at 23:44 GMT on March 22, warning the U.S. would "hit and obliterate" power plants starting with the largest if unmet.�� The Strait of Hormuz, closed by Iran since late February amid the ongoing U.S.-Israel-Iran war, handles about 20% of global oil shipments, driving oil prices toward $150 per barrel.�� Shipping remains suspended, with U.S. forces including 2,500 Marines deploying to the region.�Iran's ResponseTehran's Revolutionary Guards vowed to target energy facilities, water desalination plants, and U.S. bases in host countries if attacked.�� A spokesperson stated the strait would stay closed until any damaged Iranian power plants are rebuilt.� No signs of reopening have emerged as the clock ticks down.�Global ImpactOil markets are volatile with warnings of a crisis worse than 1970s shocks, stocks declining, and seafarers alerted worldwide.�� Leaders like UK PM Starmer are discussing de-escalation with Trump.� Live updates indicate continued defiance from Iran with potential for wider conflict.�