President Trump authorizes the U.S. Navy to use lethal force against Iranian small boats in the Strait of Hormuz following increased maritime tensions.
Dow Jones futures react as President Trump warns Iran over a blockade in the Strait of Hormuz, sparking concerns over global oil supply and market stability.
President Trump issues a final 48-hour ultimatum to Iran to reopen the Strait of Hormuz or face severe consequences, including potential strikes on infrastructure.
Oil prices jump 6% as President Trump signals a prolonged Iran conflict, sparking fears of structural supply shortages and global economic drag.