After the new threats given by former US President Donald Trump to Iran, there has been a stir in the markets around the world. When the markets opened on Monday, April 6, 2026, the stock markets of Japan and South Korea witnessed a rise. On the contrary, China’s main indexes fell. Trump has given time till Tuesday to open the Strait of Hormuz, which is creating a war-like situation in the Gulf region.
What was the impact on the market and economy?
Amidst this ongoing turmoil in the market, many important changes have been seen. This is directly affecting oil prices and shares of companies. The main updates are as follows:
Japan’s Nikkei 225 and Topix Index opened with gains today and remained up. There was a huge jump in South Korea’s Kospi Index, where companies like Samsung benefited. Major markets in China closed lower, while many other Asian markets were closed for holidays. A jump was seen in crude oil prices on Monday, with both Brent crude and WTI becoming costlier. A slight decline was recorded in stock index futures in the US amid reports of missile attacks.
Trump’s threat and Iran’s counter-warning
Trump has openly said that if the Strait of Hormuz is not opened by April 7, he will target Iran’s civilian targets such as power plants and bridges. He has used very strong words regarding this. On the other hand, Iran’s Defense Department has warned that if their civilian targets are attacked, they will take very dangerous retaliation. Iran has described Trump’s statement as a war crime and promoting terrorism. Amidst this tension, UAE’s air defense system foiled several drone and missile threats on Monday.
Impact on migrants and general public
This tension is a matter of concern for expatriates living in Gulf countries because the closure of the Strait of Hormuz could halt trade and supply chains. On Monday itself, a missile fired from Iran hit a building in Haifa, Israel. There have also been air strikes in Lebanon without warning in which many people have lost their lives. If this tension increases further, oil prices may increase further, making traveling and purchasing goods more expensive. Indians living in Gulf countries are advised to keep an eye on local news and security updates.