Breaking: Trump on Iran: Will completely obliterate all of Iran's electric generating plants, oil wells,...

• President Trump threatens to obliterate Iran's electric plants, oil wells, and Kharg Island if a new deal is not reached and the Strait of Hormuz remains closed.
• Bad.
• Threat of major military conflict in a critical oil region.
• Likely massive spike in global oil prices due to supply disruption.
• Increases geopolitical uncertainty, harming global economic growth and business confidence.
• Leads to investors selling stocks and moving to safer assets.