Iran and Hormuz escalation
The Natanz strike was followed by a 48-hour U.S. ultimatum over the Strait of Hormuz and an Iranian threat against energy and desalination infrastructure if its power plants were hit.
Mar 21, 2026 · QQQ/SPY Market Review · 8 headlines
U.S. markets were closed on Saturday, leaving no tradable ETF reaction. The United States and Israel struck Iran's Natanz enrichment complex, while Trump later gave Iran 48 hours to reopen the Strait of Hormuz and Iran threatened energy and desalination infrastructure in response to possible power-plant strikes. Powell emphasized that independence and integrity are inseparable amid White House rate pressure. In technology, Musk announced quantified capacity targets for the TERAFAB chip-manufacturing plan.
Published
The Natanz strike was followed by a 48-hour U.S. ultimatum over the Strait of Hormuz and an Iranian threat against energy and desalination infrastructure if its power plants were hit.
Powell invoked former Fed Chair Paul Volcker and said independence and integrity are inseparable while the White House criticized the central bank for not cutting rates quickly.
Musk announced that the TERAFAB initiative targets one terawatt of annual chip capacity, about 50 times current global capacity, with 80% intended for space missions.
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