Germany's DAX index fell about one percent to 22,922 points on Tuesday, closing below 23,000 amid heightened fears over the ongoing US-Iran conflict. Following earlier ultimatums and extensions by US President Donald Trump, a new deadline for opening the Strait of Hormuz expires tonight, with Iran reporting attacks on its infrastructure.
The DAX in Düsseldorf reached a morning high before declining, ending at 22,922 points—a roughly one percent drop. Investor caution intensified due to escalating tensions in the US-Iran standoff over the Strait of Hormuz.
Trump's latest ultimatum demands an agreement to reopen the strait, with the deadline set for 2 a.m. German time on Wednesday. He warned: “A whole civilization will die tonight and never return” if unmet. This follows his prior threats to destroy Iranian bridges and power plants, an initial 48-hour deadline extended by five days in late March.
Ahead of the deadline, Iran reported nationwide strikes on railway bridges and highways. Prospects for a deal remain slim, sustaining market volatility. Part of ongoing coverage in the 'DAX Amid US-Iran Strait of Hormuz Crisis' series.
