As Trump’s ultimatum regarding Iran looms, financial markets are volatile, with oil prices fluctuating notably. Brent crude has experienced both surges and declines, now sitting above $117 due to escalating concerns over military conflict in the Strait of Hormuz. Meanwhile, US stock futures have jumped based on hopes for a last-minute deal, despite existing uncertainties causing swings in the markets. Amidst fears of an impending war, the Dow has seen both significant gains and losses, highlighting the prevailing anxiety as investors await developments in ceasefire negotiations. The situation remains precarious, with various sectors responding to the evolving geopolitical landscape.