Donald Trump issued dire national security warnings, sparking market volatility concerns. On April 6, Trump warned that the country could be at risk at any moment and emphasized his administration's commitment to leaving no American behind. On April 12, Trump began blockading the Strait of Hormuz following the collapse of peace talks with Iran, escalating tensions. He also threatened new tariffs on China if they assist Iran, acknowledging that gasoline prices might remain high through the November 2026 elections.
