Asian equity markets showed mixed performance in thin holiday trading as President Trump issued a renewed ultimatum to Iran, threatening to target civilian infrastructure if the country does not open the Strait of Hormuz.
- Asian markets mixed in thin holiday trading
- Trump threatens Iran with civilian infrastructure attacks if Strait of Hormuz remains closed
- Strait of Hormuz is a key global oil shipment route
- Energy and defense sectors likely to be impacted
- Crude oil futures (CL=F), VIX (^VIX), and defense stocks like XOM may see increased volatility
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