Trump's Deadline
President Trump issued 48-hour ultimatum demanding Iran reopen Hormuz Strait or face power plant strikes. Iran threatened complete closure and retaliation against US allies.
Energy Chokepoint
Hormuz handles 20% of global oil flows. Iran announced selective passage allowing non-hostile ships while blocking US and Israel vessels, creating uncertainty.
Market Panic
Asian markets plunged with Korean KOSPI triggering circuit breakers. Bitcoin fell below $68K as $361M liquidated across crypto markets in 24 hours.