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Trump Threatens Iran With Military Strikes Over Hormuz — Oil Spikes, Markets Drop
Yahoo Finance·Monday, 22 June 2026
On the first day of US-Iran peace talks in Switzerland, Trump threatened to bomb Iran if it does not make a deal, saying 'I'll blow the s--t out of them' and suggesting the US may take over the Strait of Hormuz and collect tolls. Iran argued Washington failed to uphold commitments to curb hostilities in Lebanon. Dow futures dropped and oil prices jumped in response.
Why It Matters
The Strait of Hormuz is one of the world's most critical oil chokepoints, and any military escalation there would send energy prices surging globally.
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