'Iran can be taken out in one night': Trump's fresh threat erases market gains
By Anand Sinha
Published on April 6, 2026.
President Donald Trump has threatened to take out the entire country of Iran in one night, following Iran's refusal to reopen the Strait of Hormuz as part of a temporary ceasefire. The threat sparked a surge in oil prices, with WTI rising from $112 to $114.01 per barrel and the Brent crude oil from $107 to $110.88 per barrel. The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 stock indices all gave up their gains and fell lower for the day.
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