Asian stocks tumble after Trump gives Iran 48-hour ultimatum
Stocks fell and oil climbed as tensions rose after President Donald Trump and Iranian leaders exchanged threats, and Israel warned the war in the Middle East could continue for weeks.
Asian stocks tumbled Monday and oil prices rose after President Donald Trump gave Iran a 48-hour ultimatum and Iranian leaders traded threats over the strategic Strait of Hormuz. Israel also said the Middle East war could last several more weeks, fueling investor concern.