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Markets slide after Trump speech on Iran war

Apr 2, 2026, 04:24 GMT+1

Global markets fell on Thursday after US president Donald Trump’ offered no clear indication of when the war against Iran might end, instead warning to bomb the country "back to the stone ages."

Stocks dropped while oil prices climbed and the US dollar strengthened in the immediate aftermath of the speech.

US stock futures fell around 1%, while European futures dropped more than 1.5%. Asian markets were also hit, with Japan’s Nikkei index down 1.8% and South Korea’s Kospi sliding 3.6%.

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