US President Donald Trump demanded Iran's surrender as military conflict with the Islamic Republic escalated, sending shockwaves through global financial markets. The intensifying war has disrupted supply chains and energy markets, with investors bracing for further volatility as the conflict spreads across the Middle East.

Energy prices surged as traders anticipated potential disruptions to oil shipments through the Strait of Hormuz, a critical waterway for global energy supplies. Market analysts warned that prolonged hostilities could trigger a sustained spike in crude prices, affecting everything from transportation costs to consumer goods. The uncertainty has already prompted defensive positioning in commodities and safe-haven assets.

Financial markets from Tokyo to New York experienced sharp declines as geopolitical risk premiums expanded. The conflict threatens to derail global economic recovery efforts, with central banks now facing difficult choices between fighting inflation and supporting growth. The coming weeks will test whether diplomatic channels can prevent a broader regional conflagration that could cripple international trade.