Trump issues final ultimatum to Iran: 'Open the Strait of Hormuz and apologize'... tensions rise over oil and stocks

The U.S. president 2026year 7month 11day announced that he had sent an ultimatum to Iran to open the Strait of Hormuz and apologize. It was reported that the remarks could have an immediate impact on the oil corridor and global financial markets, so investors should take note.

Iran publicly responded on the same day, saying 'there will be no surrender.' A government official said that diplomatic and military responses were not ruled out.

Separately, it was reported that Iran's foreign minister visited Oman on 7month 11day to discuss the Strait of Hormuz and regional developments. The visit focused mainly on passage through the strait and the security situation.

In the country, an incident occurred at Gyeongju World’s Ferris wheel in which a cabin fell and collided, and the passenger5s were reportedly sent home after receiving medical treatment. No additional casualties were reported.

In domestic politics and social affairs, reports said discussions have begun in earnest on ratifying an ILO 190convention centered on banning workplace harassment. The government and relevant institutions are moving ahead with related legislative steps.

Meanwhile, in a personal finance article, it covered a way for parents to lend their children 2interest-free, and issues related to gift tax. The article examined on a case-by-case basis whether tax-saving and gift tax would apply.