Trump threatened to attack Iran's energy infrastructure if the Strait of Hormuz was not fully reopened within 48 hours.
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Stock markets in Asia and the Pacific have fallen after US President Donald Trump threatened to attack Iran's energy infrastructure. Crude oil prices have risen. On Saturday, Trump threatened to attack Iran's energy infrastructure if the Strait of Hormuz is not fully reopened within 48 hours. On Sunday, Japanese stocks fell 4 percent and Korean stocks fell 4.5 percent. Australian stocks fell 1.6 percent and New Zealand's 1.3 percent.
Crude oil prices have risen. Brent crude, which rose to a high of $114 per barrel on Saturday after Trump's announcement, was trading at $107 per barrel on Monday.
Analysts have warned that crude oil prices could rise to $200 per barrel if the blockade of the Strait of Hormuz continues. About 20 percent of the world's total oil consumption flows through the Strait of Hormuz.
The war between Iran and the US-Israel has been escalating, with heavy casualties on both sides. It has been 24 days since the war began.
The Iranian Red Crescent has reported that the death toll in Iran has exceeded 1,500. 70 senior leaders, including Iran's Supreme Leader Ayatollah Khomeini, have been killed in the war.
The Iranian attack has also caused heavy casualties in Israel and West Asian countries. The death toll in Lebanon from the Israeli attack has exceeded 1,000.
