Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Trump threatens Iran with power plant strikes over Hormuz blockade
    Finance

    Trump Threatens Iran With Power Plant Strikes Over Hormuz Blockade

    Published by Global Banking & Finance Review®

    Posted on March 22, 2026

    6 min read

    Last updated: March 22, 2026

    Trump threatens Iran with power plant strikes over Hormuz blockade - Finance news and analysis from Global Banking & Finance Review
    Tags:FinanceBankingMarketsGeopoliticsEnergy

    Quick Summary

    Trump warned on March 22, 2026 that if Iran did not fully reopen the Strait of Hormuz within 48 hours, the U.S. would “obliterate” Iranian power plants, starting with the largest. This marks a serious escalation amid Iran’s missile strikes and shipping disruptions affecting global energy markets.

    Table of Contents

    • Escalation of U.S.-Iran Tensions and Global Energy Impact
    • Trump's Ultimatum and Threats to Iranian Infrastructure
    • Impact on Global Oil and Gas Supply
    • Iran's Response and Retaliation Threats
    • Expansion of Conflict and Missile Strikes
    • Iranian Long-Range Missile Launches
    • U.S. Policy Shifts and Political Implications
    • Mixed Messages from the Trump Administration
    • Iran's Major Power Plants and U.S. Strike Capabilities
    • Domestic and International Political Ramifications
    • Iranian Strikes on Southern Israel
    • Recent Missile Attacks and Israeli Response
    • Strategic Sites and Political Statements

    Trump threatens Iran with power plant strikes over Hormuz oil blockade

    Escalation of U.S.-Iran Tensions and Global Energy Impact

    By Maayan Lubell, Alexander Cornwell and Idrees Ali

    Trump's Ultimatum and Threats to Iranian Infrastructure

    TEL AVIV/JERUSALEM/WASHINGTON, March 22 (Reuters) - U.S. President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours, a significant escalation barely a day after he talked about "winding down" the war.

    "If Iran doesn't FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!" Trump said on social media.

    Trump's ultimatum would expand the scope of U.S. strikes to infrastructure that affects daily civilian life in Iran.

    Impact on Global Oil and Gas Supply

    The threat of Iranian attacks has kept most ships from getting through the strait, a narrow waterway that serves as the conduit for around a fifth of global oil and liquefied natural gas supplies, threatening a global energy shock. Its near-closure sent European gas prices surging as much as 35% last week.

    Iran's Response and Retaliation Threats

    Iran's Khatam al-Anbiya military command headquarters said Sunday that if the U.S. attacks Iran's fuel and energy infrastructure, then Iran would target all U.S. energy, information technology and desalination infrastructure in the region.

    Energy prices spiked last week after Iran responded to an Israeli attack on its major gas field by hitting Qatar's Ras Laffan Industrial City, which processes around a fifth of the world's liquefied natural gas, causing damage that will take years to repair.

    The threats to Gulf infrastructure came as the conflict entered dangerous new territory.

    Expansion of Conflict and Missile Strikes

    Iranian Long-Range Missile Launches

    Israeli officials said Iranian forces had for the first time fired long-range missiles, expanding the risk of attacks beyond the Middle East, even as an Iranian strike injured dozens of people not far from Israel's nuclear site.

    Iran launched two ballistic missiles with a range of 4,000 km (2,500 miles) at the U.S.-British ‌military base at Diego Garcia in the Indian Ocean, Israeli military chief Eyal Zamir said. The Israeli military said it was the first time Iran had used long-range missiles since the United States and Israel began attacking Iran on February 28.

    "These missiles are not intended to strike Israel. Their range reaches European capitals - Berlin, Paris, and Rome are all within direct threat range," Zamir said in a statement on Saturday.

    A source at Britain's defense ministry said the attack had occurred before the government gave specific authorization on Friday for the U.S. to use British military bases to carry out strikes on Iranian missile sites.

    More than 2,000 people have been killed during the war. In Israel, 15 people have been killed in Iranian strikes.

    U.S. Policy Shifts and Political Implications

    Mixed Messages from the Trump Administration

    TRUMP SENDS MIXED SIGNALS

    Trump and his administration have sent mixed messages about U.S. goals throughout the war, now in its fourth week, leaving U.S. allies struggling to respond.

    Trump's ultimatum on Saturday was the most abrupt shift yet. Trump's rhetoric pivoted from a drawdown to an explicit 48-hour countdown to strike Iran's power infrastructure, even as U.S. Marines and heavy landing craft continue heading to the region.

    Iran's Major Power Plants and U.S. Strike Capabilities

    Iran’s largest power plants include the Damavand power plant near Tehran (2,868 megawatts of capacity), the Kerman plant in southeastern Iran (1,910 MW), and the Ramin steam power plant in Khuzestan province (1,890 MW), according to industry and energy databases.

    The country’s sole nuclear plant at Bushehr on Iran's southern coast produces about 1,000 MW.

    Earlier this month, Trump raised the idea of destroying Iran's power grid even while downplaying the notion. "We could take apart their electric capacity within one hour, and it would take them 25 years to rebuild," Trump told reporters on March 11. "So ideally, we're not going to be doing that."

    Domestic and International Political Ramifications

    U.S. voters appear increasingly concerned that the war could expand. Energy price shocks are fuelling inflation, hitting consumers and businesses hard, a major political liability for Trump as he seeks to justify the war to the public before November elections in which control of Congress is at stake.

    Trump had also accused NATO allies of cowardice over their reluctance to help open the strait. Some allies have said they will consider it, but most say they are reluctant to join a war that Trump started without consulting them.

    Iranian Strikes on Southern Israel

    Recent Missile Attacks and Israeli Response

    IRANIAN STRIKES HIT SOUTHERN ISRAEL

    The Israeli military said on Sunday that it is conducting strikes in Tehran, hours after attacks on southern Israel.

    Late on Saturday, Iranian missiles hit the southern Israeli cities of Dimona and Arad, injuring dozens of people, including children, in separate strikes. Iran's Revolutionary Guards said in a statement early Sunday that they targeted "military installations" and security centers in southern Israel.

    Israeli military spokesperson Brigadier General Effie Defrin said in a post on X that the country's air defenses were functioning but did not intercept the strikes. "We will investigate the incident and learn from it," he said.

    Strategic Sites and Political Statements

    Israel’s secretive nuclear reactor is about 13 km (8 miles) southeast of Dimona. Both cities lie near several military sites, including Nevatim Air Base, one of the country's largest.

    "This has been a very difficult evening in the battle for our future," Israeli Prime Minister Benjamin Netanyahu said in a statement released by his office following the strike on Arad.

    "We are determined to continue striking our enemies on all fronts," the statement said.

    (Reporting by Phil Stewart and Idrees Ali in Washington, Andrew Mills in Doha, Timour Azhari in Riyadh, Maayan Lubell in Jerusalem and Alexander Cornwell in Tel Aviv; Additional reporting by Reuters bureaus; Writing by Julia Harte and Lisa Shumaker; Editing by Nia Williams, Sergi

    Key Takeaways

    • •Trump’s 48‑hour ultimatum targets Iran’s power plants if the Strait of Hormuz remains closed, signaling a major escalation.
    • •Iran has expanded its long‑range missile use and struck southern Israel, increasing regional risks.
    • •The Strait of Hormuz blockade has sparked global energy turmoil, prompting emergency reserve releases and international appeals for de‑escalation.

    Frequently Asked Questions about Trump threatens Iran with power plant strikes over Hormuz blockade

    1Why did Trump threaten to strike Iran’s power plants?

    Trump threatened power plant strikes if Iran did not fully reopen the Strait of Hormuz within 48 hours, escalating the ongoing conflict.

    2What prompted the latest escalation between the US and Iran?

    The escalation followed Iran’s partial blockade of the Strait of Hormuz and recent missile attacks targeting US and Israeli interests in the region.

    3How has Israel been affected by the recent conflict?

    Iranian missiles struck southern Israeli cities Dimona and Arad, injuring dozens and intensifying regional tensions.

    4What is the significance of the Strait of Hormuz in this conflict?

    The Strait of Hormuz is a key energy chokepoint; its closure disrupts global energy supplies, heightening financial market concerns.

    5How have other countries responded to the Iran-US conflict?

    Britain authorized US use of its military bases for strikes while highlighting growing international involvement in the conflict.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Next Finance PostVolkswagen CEO Tells Newspaper German Carmakers Should Look to Chinese Planning
    More from Finance

    Explore more articles in the Finance category

    Image for Volkswagen CEO tells newspaper German carmakers should look to Chinese planning
    Volkswagen CEO Tells Newspaper German Carmakers Should Look to Chinese Planning
    Image for Ukraine says talks on resolving war to continue in US on Sunday
    Ukraine Says Talks on Resolving War to Continue in US on Sunday
    Image for Monte dei Paschi CEO bids for new mandate challenging exclusion
    Monte Dei Paschi CEO Bids for New Mandate Challenging Exclusion
    Image for Greece faces loans challenge after bank crisis recovery, ECB blog says
    Greece Faces Loans Challenge After Bank Crisis Recovery, ECB Blog Says
    Image for UK PM Starmer calls meeting on Iran war’s cost‑of‑living impact, says Times
    UK PM Starmer Calls Meeting on Iran War’s Cost‑of‑living Impact, Says Times
    Image for Rust, dust and superyachts as America's Cup lands in Naples
    Rust, Dust and Superyachts as America's Cup Lands in Naples
    Image for Iran war's energy impact forces world to pay up, cut consumption
    Iran War's Energy Impact Forces World to Pay Up, Cut Consumption
    Image for Most of Ukraine's Chernihiv region without power after Russian attack
    Most of Ukraine's Chernihiv Region Without Power After Russian Attack
    Image for Iran fires missiles toward US-UK base in Indian ocean, Iran's Mehr says
    Iran Fires Missiles Toward US-UK Base in Indian Ocean, Iran's Mehr Says
    Image for EU urges members to cut gas-storage targets due to Iran war, FT reports
    EU Urges Members to Cut Gas-Storage Targets Due to Iran War, Ft Reports
    Image for BASF touts bumper China project's long-term payoff  
    Basf Touts Bumper China Project's Long-Term Payoff  
    Image for Israel attacks Tehran, Beirut as US sends Marines to Middle East
    Israel Attacks Tehran, Beirut as US Sends Marines to Middle East
    View All Finance Posts