Trump’s four-hour threats, an explosion on Hark Island, and oil prices are currently reacting relatively mutedly

ME News Report, April 7 (UTC+8), after reports of an explosion on Hormuz Island by Iran’s Mehr News Agency, oil prices have risen. Trump stated at a Monday press conference that if Iran fails to meet the requirements before the deadline at 8 p.m. Eastern Time, the U.S. may destroy all bridges to Iran’s power plants within four hours. This escalation is likely to cause a surge in energy prices. Additionally, The Wall Street Journal reported that negotiators are pessimistic about Iran meeting Trump’s demand to allow ships to pass freely through the Strait of Hormuz. However, oil prices have not fluctuated significantly. Perhaps the market does not believe Trump will stick to his deadline. AJ Bell analyst Dan Coatsworth said, “Either Washington or Tehran will make concessions, which could trigger a sharp rebound in the stock market and a retreat in energy prices. Or the situation could escalate significantly, impacting financial markets in various ways.” However, there is a third outcome. He added, “Another possibility is that the deadline will be extended, and the market will go through another period of uncertainty, trying to gauge the latest developments between the U.S. and Iran.”(Jin10)(Source: ODAILY)