"All hell will reign down", says Trump in a final warning to Iran; what to expect from markets on Monday?

President Trump has once again warned Iran by reminding them that the deadline for accepting the deal is getting closer. “Time is running out - 48 hours before all hell will reign down on them”, said Donald Trump on his social media handle Truth Social. The latest warning has once again made investors anxious as the 48-hour ultimatum ends on Monday, 8:00 pm ET (April 7, at 5:30 am IST). Experts expect the markets to react early on Monday morning, before the deadline ends. The US markets closed almost flat across the board on Thursday, with the Dow Jones ending 61 points lower, while the NASDAQ and the S&P500 closing 0.1% higher.

US-Iran war latest update

The Operation Epic Fury has now been ongoing for one month, inflicting major damage to global trade. The crude oil prices are now up 48.5% since the operation started on February 28. The operation has now reached a critical point, with both sides reporting major losses. On Friday, the Iranian regime downed a US F-15 aeroplane, with one crew pilot rescued by a joint US-Israeli operation, and the status of the other pilot remains sensitive.

The Iranian state media and AP also confirmed another aircraft (A-10) was shot down by Iranian air-defences, which went down in the Persian Gulf on Friday. Certain reports also indicated a strike near the Bushehr Nuclear Power Plant. Additionally, the US also targeted civilian infrastructure, such as the Karaj B1 bridge, which is under construction. President Trump posted the video of the attack on the Karaj B1 bridge, saying. “Bridges next, then electric power plants”.

The attack was condemned by Iranian Foreign Minister Abbas Araghchi as “moral collapse” and said striking civilian structures, including unfinished bridges, will not compel Iranians to surrender.

What to expect from markets on Monday?

The global markets are expected to show a sharp reaction to the latest developments in the US-Iran conflict, with the 48-hour deadline getting closer. The Strait of Hormuz remains closed for the majority of the transit, with a few vessels from countries like China and India allowed to pass. The Indian markets are expected to react to a sharp rise in crude oil prices on Thursday, as Brent crude touched the $109 per barrel mark, soaring nearly 9% on Thursday. However, any positive developments over the weekend on the negotiation front could boost the market sentiment for Monday morning.