Trump Threatens Iran's Power Plants Over Hormuz Blockade; Oil Prices Surge

President Donald Trump has issued a direct military threat against Iran, stating that its power plants could be targeted if the Strait of Hormuz is not reopened for shipping traffic. This sharp escalation triggered immediate volatility across global financial markets, causing oil prices to surge amid supply disruption fears. ANZ Bank noted that bonds are now starting to decouple from oil price movements after generally following them over the past week. This shift in asset correlation is being driven by growing investor fears that the geopolitical conflict could become more prolonged. Analysts suggest that the market is beginning to price in a protracted crisis, which is weighing on overall equity sentiment. Investors remain on high alert for any further military movements that could impact global trade and energy security.

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