Trump Issues Stone Age Ultimatum to Iran Post-Hormuz Ceasefire Failure, Brent at $97, Dow -2.3%

The 14-day US-Iran ceasefire brokered by Pakistan and China on April 7 frays under President Trump’s April 10 ultimatum to revert Iran to the Stone Age unless it clears the Strait of Hormuz. Brent crude rebounds to $97/barrel after a 14% drop, with the Dow 2.3% below January peaks amid geopolitical volatility. Operation Epic Fury inflicted 1,444 Iranian fatalities and disrupts 27% of global seaborne oil trade.