{"id":65537,"date":"2026-07-28T09:08:09","date_gmt":"2026-07-28T13:08:09","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-issues-ultimatum-to-tehran-as-middle-east-tensions-escalate-visa-announces-major-layoffs\/65537\/"},"modified":"2026-07-28T09:08:09","modified_gmt":"2026-07-28T13:08:09","slug":"trump-issues-ultimatum-to-tehran-as-middle-east-tensions-escalate-visa-announces-major-layoffs","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-issues-ultimatum-to-tehran-as-middle-east-tensions-escalate-visa-announces-major-layoffs\/65537\/","title":{"rendered":"Trump Issues Ultimatum to Tehran as Middle East Tensions Escalate; Visa Announces Major Layoffs"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump issued a stark ultimatum to Iran<\/strong>, stating the U.S. will &quot;finish the job&quot; by targeting critical infrastructure including <strong>bridges, power plants, and desalination facilities<\/strong> if a formal nuclear deal is not reached.<\/li>\n<li><strong>Visa (<a href=\"\/stock\/V\">V<\/a>) announced plans to cut 7% of its total workforce<\/strong>, impacting approximately <strong>2,600 employees<\/strong> as the payments giant seeks to streamline operations.<\/li>\n<li><strong>The U.S. June goods trade deficit narrowed to $101.5 billion<\/strong>, slightly wider than the $100.0 billion estimate but an improvement over the previous month&#39;s revised $105.8 billion.<\/li>\n<li><strong>Trump asserted total U.S. control over the Strait of Hormuz<\/strong>, claiming the U.S. now dictates maritime traffic through the critical energy chokepoint.<\/li>\n<li><strong>Kuwait\u2019s Al Zour refinery faces extended disruptions<\/strong>, with parts of the <strong>615,000 BPD facility<\/strong> remaining offline until at least August 10 following power failures.<\/li>\n<\/ul>\n<p>In a series of aggressive policy statements on Tuesday, President Donald Trump signaled a major escalation in rhetoric regarding Iran. Trump claimed that while Iran has &quot;essentially agreed&quot; to forgo nuclear weapons, a <strong>formalized agreement is mandatory<\/strong> to avoid a return to military kinetic action. He specifically identified <strong>&quot;Pickaxe Mountain&quot;<\/strong> as a primary target that the U.S. could &quot;take out very easily&quot; if negotiations fail.<\/p>\n<p>The President further asserted American dominance over global energy transit, stating that <strong>&quot;Iran doesn&#39;t control the Strait, we control the Strait.&quot;<\/strong> He emphasized that only vessels approved by the U.S. would be permitted passage through the waterway. These comments come as Trump noted that Israeli Prime Minister Benjamin Netanyahu remains committed to U.S. involvement in the ongoing regional conflict.<\/p>\n<p>In the corporate sector, Visa (<a href=\"\/stock\/V\">V<\/a>) joined the wave of financial services firms reducing headcount. The company confirmed it will <strong>eliminate 2,600 positions<\/strong>, or roughly <strong>7% of its global workforce<\/strong>. The move reflects a broader trend of cost-cutting and automation within the fintech and payments industry as firms face shifting consumer spending patterns.<\/p>\n<p>Economic data released Tuesday morning showed a cooling in trade and inventory levels. The <strong>U.S. Advance Goods Trade Deficit<\/strong> for June came in at <strong>$101.5 billion<\/strong>, as imports fell by <strong>2.6%<\/strong> and exports dropped by <strong>1.8%<\/strong>. Meanwhile, <strong>Wholesale Inventories<\/strong> rose a modest <strong>0.3%<\/strong>, slightly missing the <strong>0.4%<\/strong> estimate, suggesting a cautious approach by distributors amid uncertain demand.<\/p>\n<p>Energy markets are also monitoring supply disruptions in Kuwait. The <strong>Kuwait Petroleum Company<\/strong> reported that the <strong>615,000 BPD Al Zour refinery<\/strong> is struggling to restore operations after a July 18 power cut. A crude unit that has been offline since March is now not expected to restart until <strong>August 10<\/strong>, potentially tightening the supply of refined products in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump issued a stark ultimatum to Iran, stating the U.S. will &quot;finish the job&quot; by targeting critical 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