'A whole civilization will die': Crypto markets under pressure as Trump ups rhetoric towards Iran
By Stephen Alpher
Published on April 7, 2026.
The pressure on the global economy is increasing as President Donald Trump prepares for a deadline for Iran to reopen the Strait of Hormuz, with some predicting that a "whole civilization" will die. This comes as U.S. stock index futures are set to open lower, with the Nasdaq 100 expected to drop by 0.65%. Meanwhile, WTI crude oil is rising by 1.7% to $114.22 per barrel.
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