President Donald Trump’s statement on Iranian shipping through the Strait of Hormuz rattled markets, highlighting the waterway’s central role in global energy flows and broader risk sentiment.
Oil prices surged and stocks slid on Monday after President Donald Trump said he would reinstate a blockade on Iranian shipping through the Strait of Hormuz. The move hit markets because the strait is a critical chokepoint for global crude shipments, and any threat to transit there can quickly raise supply concerns and pressure risk assets.