Outro

Global stocks tumble after President Trump gives Iran a Monday deadline to open the Strait of Hormuz, raising fears of a sharp escalation. Energy prices jump and traditional safe havens falter, leaving investors with few places to hide.

Today’s recommended read: Trump's Iran war oil shield is cracking, Ron Bousso

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

You may also visit megaphone.fm/adchoices to opt out of targeted advertising.

Our Standards: The Thomson Reuters Trust Principles.

Learn more about your ad choices. Visit megaphone.fm/adchoices