U.S.-Iran tensions have heightened after Trump targeted the power plant in his blockade of Hormuz.

US President Donald Trump has repeatedly warned that if Iran does not comply by April 7, US troops will next strike its infrastructure.

After last week’s attack on Iran’s Ghadir Bridge, the US president said on Sunday he would launch further attacks on power plants across Iran unless the Strait of Hormuz was reopened.

In a Truth Social post, President Trump said, “Tuesday will be Power Plant Day and Bridge Day all rolled into one in Iran. That won’t happen!!! Open the damn straits, you crazy bastards or you will live in hell. Just watch! Praise Allah.”

Trump’s latest warning comes as the major maritime route has been closed to global shipping for more than three weeks now. The collapse of this vital waterway has sent oil prices soaring globally. This is because the Strait of Hormuz accounts for approximately 20-30% of the world’s total oil consumption and transportation.

Since then, President Trump has announced a series of deadlines for Iran to meet his demands: reopen the strait or face a devastating military attack on its energy grid.

Speaking to the media after Sunday’s remarks, Trump said there was a good chance a deal would be reached on Monday, but warned that he was considering blowing everything up and taking over the oil if the talks broke down.

But Iran’s leadership has not softened its stance, instead warning that it will respond “in kind” to any attack on its infrastructure.

“Our military has made it clear that if Iran’s infrastructure is attacked, we will respond in kind,” Esmail Bagai, a spokesman for Iran’s Foreign Ministry, said in recent comments.

Iran plans to close the strait while considering imposing tolls to compensate for damage to infrastructure, according to Iranian presidential office spokesman Mahdi Tabatabai.

Tabatabaei said the strait would be reopened once a portion of public transport tolls were used to compensate for any damage caused.

Meanwhile, Iran’s Central Army Commander Ali Abdollahi Aliabadi called Trump’s threats “a helpless, disturbing, unbalanced and foolish act” and said, “The gates of hell will be opened for President Trump.”

Possibility of US invasion of Iran spooks markets

As tensions rise, the probability of a US invasion on the Polymarket platform soars to 63%. This is starting to weigh on investor sentiment across markets, including cryptocurrencies.

Brent crude, a widely used price benchmark in the global spot oil market, remained elevated above $109 a barrel on Thursday. With trading set to resume on Monday, the latest development could put further pressure on the market and jeopardize Bitcoin’s short-term recovery.

The flagship cryptocurrency has recovered from last week’s low of $66,000 and is trading just below $69,200 at press time. During the same period, the overall cryptocurrency market capitalization increased by 2.2%.