Updated 2026-03-20 05:02 UTC
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Trump hasn’t ruled out a draft for war with Iran — but is conscription constitutional?

What happened

Global financial markets experienced significant volatility as tensions escalated into war between iranian-energy-sites.html" class="story-link" title="Trump tells Israel not to repeat strikes on Iranian energy as crisis deepens - R">Israel and Iran. Oil prices surged to near four-year highs, impacting stock markets worldwide. The US and Israel are working to address concerns, particularly around the critical Strait of Hormuz shipping route.

Why people care
The Iran conflict threatens global energy supplies and economic stability, with oil price spikes affecting everything from gas prices to industrial costs. The Strait of Hormuz is a critical chokepoint for global oil shipments, making any disruption there a worldwide concern.
The takes
Market observers say

The conflict has created dangerous uncertainty in global markets, with oil price volatility threatening economic recovery. Materials and energy-dependent sectors are being hit particularly hard as industrial production costs surge.

Officials say

US and Israeli leadership are actively working to calm market fears and ensure critical shipping lanes remain open. Their diplomatic efforts appear to be having some stabilizing effect on oil prices and regional markets.

Sources
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