{"id":60485,"date":"2026-04-02T19:38:32","date_gmt":"2026-04-02T23:38:32","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/un-deadlock-over-strait-of-hormuz-as-trump-signals-iran-war-endgame\/60485\/"},"modified":"2026-04-02T19:38:32","modified_gmt":"2026-04-02T23:38:32","slug":"un-deadlock-over-strait-of-hormuz-as-trump-signals-iran-war-endgame","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/un-deadlock-over-strait-of-hormuz-as-trump-signals-iran-war-endgame\/60485\/","title":{"rendered":"UN Deadlock Over Strait of Hormuz as Trump Signals Iran War &#8220;Endgame&#8221;"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>UN Security Council Deadlock<\/strong>: <strong>Russia<\/strong>, <strong>China<\/strong>, and <strong>France<\/strong> have blocked a <strong>United Nations<\/strong> plan to authorize military force in the <strong>Strait of Hormuz<\/strong>, despite urgent pleas from <strong>Gulf Arab states<\/strong> for intervention.<\/li>\n<li><strong>Trump\u2019s Exit Strategy<\/strong>: President <strong>Donald Trump<\/strong> announced that <strong>U.S.<\/strong> military objectives in <strong>Iran<\/strong> are &quot;nearing completion,&quot; signaling a desire to end the 34-day conflict within weeks while declaring a definitive victory.<\/li>\n<li><strong>Oracle Infrastructure Safe<\/strong>: The <strong>UAE<\/strong> government officially refuted <strong>Tehran&#39;s<\/strong> claims of a successful strike on an <strong>Oracle<\/strong> (<a href=\"\/stock\/ORCL\">ORCL<\/a>) data center in <strong>Dubai<\/strong>, labeling the reports &quot;fake news&quot; intended to destabilize regional markets.<\/li>\n<li><strong>Global Shipping Blame<\/strong>: <strong>China<\/strong> has formally attributed the near-total halt of maritime traffic in the <strong>Strait of Hormuz<\/strong> to &quot;illegal&quot; joint <strong>US-Israeli<\/strong> military operations, directly challenging <strong>Washington&#39;s<\/strong> narrative.<\/li>\n<li><strong>Zelenskiy Condemnation<\/strong>: Ukrainian President <strong>Volodymyr Zelenskiy<\/strong> labeled <strong>Iran<\/strong> an &quot;accomplice&quot; of <strong>Russia<\/strong>, citing the regime&#39;s supply of <strong>Shahed drones<\/strong> and its failure to admit fault in the 2020 downing of flight <strong>PS752<\/strong>.<\/li>\n<\/ul>\n<p>The <strong>United Nations Security Council<\/strong> has reached a diplomatic impasse as <strong>Russia<\/strong>, <strong>China<\/strong>, and <strong>France<\/strong> vetoed a resolution to authorize military force to reopen the <strong>Strait of Hormuz<\/strong>. While the <strong>Gulf Cooperation Council (GCC)<\/strong> argued that the blockade threatens 20% of the world&#39;s oil supply, the opposing powers claimed that further military escalation would only lead to a <em>vicious cycle of violence<\/em>.<\/p>\n<p>In a primetime address from the <strong>White House<\/strong>, President <strong>Donald Trump<\/strong> stated that <strong>Operation Epic Fury<\/strong> has successfully dismantled <strong>Iran\u2019s<\/strong> naval and air capabilities. Trump indicated a timeline of two to three weeks to conclude the war, though he warned he would bring the regime &quot;back to the Stone Ages&quot; if the <strong>Strait of Hormuz<\/strong> is not immediately cleared.<\/p>\n<p>The president\u2019s push for a swift conclusion has reportedly created a rift with Israeli Prime Minister <strong>Benjamin Netanyahu<\/strong>, who favors continuing the campaign to ensure the total elimination of <strong>Iran&#39;s<\/strong> nuclear infrastructure. <em>Market analysts<\/em> noted that while oil prices initially dropped on news of a potential ceasefire, they surged again following Trump\u2019s &quot;Stone Age&quot; rhetoric, with <strong>Brent crude<\/strong> hovering near <strong>$100 per barrel<\/strong>.<\/p>\n<p>On the corporate front, the <strong>UAE Government Media Office<\/strong> moved quickly to dismiss Iranian state media reports of a missile strike on an <strong>Oracle<\/strong> (<a href=\"\/stock\/ORCL\">ORCL<\/a>) data center in <strong>Dubai<\/strong>. Despite the denial, <strong>UAE<\/strong> air defenses reportedly intercepted dozens of drones and missiles over the last 48 hours, as <strong>Iran<\/strong> continues to target <strong>U.S.<\/strong> tech giants including <strong>Amazon<\/strong> (<a href=\"\/stock\/AMZN\">AMZN<\/a>), <strong>Alphabet<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>), and <strong>Microsoft<\/strong> (<a href=\"\/stock\/MSFT\">MSFT<\/a>).<\/p>\n<p><strong>China\u2019s Foreign Ministry<\/strong> spokesperson <strong>Mao Ning<\/strong> sharpened Beijing\u2019s rhetoric, stating that the &quot;root cause&quot; of the shipping crisis is the &quot;illegal&quot; offensive launched by the <strong>U.S.<\/strong> and <strong>Israel<\/strong> on February 28. Beijing has urged an immediate ceasefire, even as it continues to negotiate safe passage for its own tankers with <strong>Tehran<\/strong>, which currently maintains effective control over the waterway.<\/p>\n<p>Adding to the international pressure, <strong>Volodymyr Zelenskiy<\/strong> delivered a scathing critique of the Iranian regime, calling them &quot;accomplices&quot; in <strong>Russia&#39;s<\/strong> broader global aggression. Zelenskiy noted that the same <strong>Shahed drones<\/strong> used to terrorize Ukrainian cities are now being deployed against <strong>U.S.<\/strong> bases and regional infrastructure, proving that <strong>Tehran<\/strong> has ignored all prior promises to halt weapons transfers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways UN Security Council Deadlock: Russia, China, and France have blocked a United Nations plan to authorize military force 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