President Donald Trump issued a stern ultimatum to Iran on March 22, 2026, threatening to obliterate Iranian power plants if the Strait of Hormuz is not fully reopened within 48 hours. The warning comes as tensions escalate in the ongoing conflict between the United States, Israel, and Iran, now entering its fourth week.

Iran has effectively closed the strategic waterway to vessels from enemy countries, including the US, Israel, and their allies. Tehran has vowed to retaliate against American and Israeli energy and infrastructure assets if strikes occur. Iranian missiles have already struck communities in southern Israel, injuring over 100 people.

Saudi Arabias air defenses intercepted ballistic missiles aimed at Riyadh. Oil prices have soared above $100 per barrel, with European gas prices doubling. Experts warn of a potential global recession as the conflict threatens to disrupt manufacturing supply chains beyond energy markets.