--- title: "Trump vows to strengthen crackdown on Iran; Japan and South Korea lead declines in Asian stocks, oil prices rise above $100" type: "News" locale: "en" url: "https://longbridge.com/en/news/281605502.md" description: "U.S. President Trump reiterated that the U.S. military will continue to strike Iran in the next 2 to 3 weeks, leading to a widespread decline in Asian stock markets, with the Seoul stock market dropping over 4% and the Tokyo stock market falling 2.4%. Investors were disappointed by Trump's speech, which failed to provide a solution to the blockade of the Strait of Hormuz. Meanwhile, international oil prices rose, with Brent crude reaching as high as $108.15" datetime: "2026-04-03T05:03:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281605502.md) - [en](https://longbridge.com/en/news/281605502.md) - [zh-HK](https://longbridge.com/zh-HK/news/281605502.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281605502.md) | [繁體中文](https://longbridge.com/zh-HK/news/281605502.md) # Trump vows to strengthen crackdown on Iran; Japan and South Korea lead declines in Asian stocks, oil prices rise above $100 (Agence France-Presse Hong Kong, 2nd) U.S. President Donald Trump reiterated that U.S. military will continue to strike Iran in the next 2 to 3 weeks, but did not propose a solution to the blockade of the Strait of Hormuz, leading to a decline in Asian stock markets. The Seoul stock market ended down over 4%, while the Tokyo stock market also fell 2.4%, and international oil prices rose. According to Agence France-Presse, investors were disappointed with Trump's first prime-time national address since the outbreak of the Middle East war. In the speech, he again called on countries that rely on the Strait of Hormuz for energy transportation to find ways to reopen the shipping lanes themselves. This speech hit the global markets, which had just shown signs of stabilization. Trump stated this week that the war would "end soon," while Iran claimed it had the "necessary will" to end the conflict. Michael Brown, an analyst at Australia's largest foreign exchange trading company Pepperstone, stated that investors "expected to hear more than what President Trump provided," and he "failed to give a clear timeline for the end of the war." After Trump's national address, Asian stock markets reacted poorly. The Seoul stock market, which surged over 8% yesterday, fell over 4% today; the Tokyo stock market closed down 2.4%; Taiwan's stock market dropped 1.82%; Hong Kong's stock market fell 0.7%; and the Shanghai stock market declined 0.7%. Stock markets in Singapore, Bangkok, Jakarta, and Sydney also fell across the board. Meanwhile, international oil prices rose. Brent crude oil, which fell below $100 per barrel yesterday, surged nearly 7% today, reaching as high as $108.15; U.S. West Texas Intermediate crude rose over 6%, peaking at $106.75 ### Related Stocks - [United States Oil (USO.US)](https://longbridge.com/en/quote/USO.US.md) - [VanEck Oil Refiners ETF (CRAK.US)](https://longbridge.com/en/quote/CRAK.US.md) - [VanEck Oil Services ETF (OIH.US)](https://longbridge.com/en/quote/OIH.US.md) - [Occidental Petroleum Corporation (OXY.US)](https://longbridge.com/en/quote/OXY.US.md) - [United States Brent Oil (BNO.US)](https://longbridge.com/en/quote/BNO.US.md) - [Vanguard Energy ETF (VDE.US)](https://longbridge.com/en/quote/VDE.US.md) - [The Energy Select Sector SPDR® ETF (XLE.US)](https://longbridge.com/en/quote/XLE.US.md) - [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md) - [iShares Global Energy ETF (IXC.US)](https://longbridge.com/en/quote/IXC.US.md) - [iShares US Oil & Gas Explor & Prod ETF (IEO.US)](https://longbridge.com/en/quote/IEO.US.md) - [iShares US Oil Equipment & Services ETF (IEZ.US)](https://longbridge.com/en/quote/IEZ.US.md) - [ProShares Ultra Bloomberg Crude Oil (UCO.US)](https://longbridge.com/en/quote/UCO.US.md) - [Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES.US)](https://longbridge.com/en/quote/XES.US.md) ## Related News & Research - [TRADING DAY-Oil Strait back up again](https://longbridge.com/en/news/281575673.md) - [Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran](https://longbridge.com/en/news/281570397.md) - [Oil up over 1% as Mideast uncertainty keeps market jittery](https://longbridge.com/en/news/281301508.md) - [Trump speech unleashes more pain on US consumers with $5 gasoline, record diesel in sight](https://longbridge.com/en/news/281550771.md) - [Trump says Iran has asked for a ceasefire, US wants to see Hormuz open first](https://longbridge.com/en/news/281390478.md)