Global stock markets dropped sharply on Monday after Donald Trump threatened to “obliterate” Iran’s power plants unless the strait of Hormuz is opened. Stock markets in Asia and Europe slumped at the start of the week. Japan’s Nikkei share index dropping by 3.4%, China’s CSI 300 down 2.8%, and the South Korean Kospi fell 6.5%. In Europe, Spain’s Ibex was off 1.9%, France’s CAC 40 index declined 1.5%, Germany’s Dax dropped 1.9% and the FTSE 100 fell nearly 1.5%. The US president said on Saturday that he was giving Iran 48 hours – until shortly before midnight GMT on Monday
Houthi forces enter Iran war with missile attacks on Israeli military sites
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