As tensions mount in the Middle East, President Trump has issued a 48-hour ultimatum to Iran demanding the reopening of the Strait of Hormuz, threatening military action against Iranian power plants if this demand is not met. In response, Iranian military officials have declared that they will completely close the strait if the U.S. engages in bombings. The situation has escalated with Iran warning of severe retaliation against Gulf energy infrastructure and signaling it will issue ‘zero restraint’ in response to U.S. strikes. Meanwhile, NATO allies appear hesitant to join Trump’s call for a naval coalition to secure the strait, raising concerns over the potential for a significant energy crisis. As each side continues to exchange aggressive threats, global markets are bracing for the economic fallout of this spiraling conflict.