Escalation Threats PersistPresident Trump's national address claimed "decisive victory" but threatened "extremely hard" strikes on Iran within 2-3 weeks if no deal reached, including targeting power plants. Markets interpreted this as conflict escalation rather than de-escalation.Energy Market ReactionBrent crude spiked 4% above $105/barrel during speech, while gold dropped 2% below $4,700/ounce. Hormuz Strait reopening timeline remains unclear, maintaining supply disruption fears and oil price pressure.Risk Asset PressureAsian stocks erased gains with Nikkei down 1.1% and Korean KOSPI falling 2.1%. Bitcoin dropped from $68K to $67K as geopolitical uncertainty drove investors toward defensive positioning.

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