President Donald Trump speaks with reporters during a news conference in the James Brady Press Briefing Room at the White House, Monday, April 6, 2026, in Washington. (Image Credit: AP Photo/Mark Schiefelbein)
Middle eastern conflict
S&P/TSX composite down, oil tops US$115 per barrel after Trump warning
Apr 7, 2026 | 9:03 AM
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Canada’s main stock index was down more than 150 points in early trading, while U.S. stock markets also fell and the price of oil climbed after U.S. President Donald Trump issued a dark warning to Iran.
In a social media post, Trump said a “whole civilization will die tonight” if Tehran does not meet his latest deadline for the Islamic Republic to agree to a deal that includes reopening the crucial Strait of Hormuz.
The S&P/TSX composite index was down 151.94 points at 33,030.03.
In New York, the Dow Jones industrial average was down 327.29 points at 46,342.59. The S&P 500 index was down 51.71 points at 6,560.12, while the Nasdaq composite was down 230.75 points at 21,765.59.
