Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.
The Middle East conflict entered its fourth week over the weekend, with U.S. President Donald Trump and Tehran issuing dueling warnings regarding the Strait of Hormuz.
The closure of the vital shipping route has rattled international markets, as Washington faces pressure to keep energy prices in check and reopen the waterway.
U.S. President Donald Trump on Saturday delivered a stark ultimatum to Iran, threatening to “obliterate” Iran’s power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours.
