Cyprus Times

Fears of 'Black Monday' in Markets After Trump Ultimatum and Iran Threats

Published March 22, 2026, 09:07
Fears of 'Black Monday' in Markets After Trump Ultimatum and Iran Threats

The threat by Donald Trump to “eliminate” Iran’s energy facilities if it does not open the Strait of Hormuz is fueling fears of major disruption in global energy and financial markets. Analysts are warning of a potential 'Black Monday' in stock markets and a significant increase in oil prices. Tehran is expected to respond by targeting energy facilities in Saudi Arabia, the United Arab Emirates, and Qatar, exacerbating the crisis. Oil prices have already risen sharply, reaching four-year highs, amid growing tensions in the region. Iraq has declared force majeure on oil fields, while Israel has attacked a gas field in Iran. Iranian responses have effectively closed the Strait of Hormuz, a critical point for global oil and liquefied natural gas supplies. The closure of the Strait of Hormuz has caused natural gas prices in Europe to rise and has prompted Asian countries to seek ways to conserve energy. The situation is extremely unstable and the potential for further escalation is high. The uncertainty caused by this situation has led to concern in the markets and preparation for potential negative consequences. The international community is closely monitoring developments, while diplomacy is considered essential to avoid a wider conflict.