Despite Trump's four-hour threat and the bombing on Halg Island, oil prices have so far reacted relatively calmly.

Oil prices rose after Iran's Mehr News Agency reported an explosion on Kharg Island. At a press conference on Monday, Trump stated that the US could destroy all bridges connecting Iranian power plants within four hours if Iran failed to meet its demands by the 8 p.m. Eastern Time deadline. Such an escalation could potentially cause energy prices to jump. Furthermore, the Wall Street Journal reported that negotiators were pessimistic about Iran meeting Trump's demands to allow ships free passage through the Strait of Hormuz. However, oil prices did not fluctuate significantly. Perhaps the market does not believe Trump will stick to his deadline. AJ Bell analyst Dan Coatesworth stated, "Either Washington or Tehran concedes, which could trigger a sharp stock market rally and a drop in energy prices. Or the situation escalates significantly, having various impacts on financial markets." However, there is a third possibility. He added, "Another scenario is that the deadline is extended, and the market will experience another period of unease, trying to guess the latest moves by both the US and Iran." (Jinshi)