Trump pursues hard line with Tehran as deadline expires

Trump is pursuing a hard line with Tehran following an expired deadline, increasing the risk of global energy instability. This standoff in the Strait of Hormuz has caused oil prices to rise, pushing energy stocks toward record levels. Investors anticipate diminishing prospects for a near-term ceasefire, which may lead to increased market volatility. These geopolitical tensions are impacting global economies and diplomatic relations, signaling potential shifts in overall economic stability across the worldwide financial landscape.