Asia markets brace for Trump’s promised assault on Iranian infrastructure

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump sets 8:00 p.m. ET Tuesday deadline for Iran to reopen Strait of Hormuz Iran sets new condition for Hormuz reopening, warns on Red Sea route Is the world running out of oil? Goldman Sachs weighs in What oil price will be required to stop people from travelling? (South Africa Philippines Nigeria) Asia markets brace for Trump’s promised assault on Iranian infrastructure By Stock Markets Published 04/05/2026, 09:23 PM Updated 04/05/2026, 09:24 PM Asia markets brace for Trump’s promised assault on Iranian infrastructure 1 Gold Spot US Dollar -1.07% JP225 1.18% GC -0.59% ESM26 -0.13% CL 0.32% JGB -0.27% US10YT=X 0.32% JP10YT=XX 0.88% KS11 1.56% MIPFJIN00PUS 0.48% Bitcoin US Dollar 2.56% Ethereum US Dollar 2.94% Brent Spot US Dollar 0.99% By Gregor Stuart Hunter SINGAPORE, April 6 - Oil prices rose, bonds fell and stocks were mixed at the start of trading in Asia on Monday as U.S. President Donald Trump vowed "hell" if Tehran does not meet his deadline to reopen the Strait of Hormuz. Trump’s repeated threats to destroy civilian infrastructure including power plants and bridges if the vital waterway is not open by Tuesday have put traders on edge for reciprocal attacks by Iran on targets in the Gulf states. With liquidity thin as many countries around the region observed holidays on Monday, S&P 500 e-mini futures sank 0.2%, while MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%. The Nikkei 225 rose 1.2%, as South Korea’s Kospi advanced 2%. Brent crude futures opened higher, rising 1.4% to $110.58 a barrel after members of the OPEC+ agreed on Sunday to raise its oil output quotas by 206,000 barrels per day for May. However, the increase will exist only on paper for several major producing countries behind the Strait of Hormuz that have sustained damage to oil production facilities and transport infrastructure since the war started. "This week will continue to be dominated by developments in...