A former top nuclear watchdog is making a last-ditch appeal for diplomacy as a 48-hour deadline looms over the Persian Gulf.
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A former top nuclear watchdog is making a last-ditch appeal for diplomacy as a 48-hour deadline looms over the Persian Gulf.

A former top nuclear watchdog is making a last-ditch appeal for diplomacy as a 48-hour deadline looms over the Persian Gulf.
Former IAEA Director-General Mohamed ElBaradei on April 5 urged Gulf nations and the United Nations to intervene in escalating U.S.-Iran tensions, calling President Donald Trump a "madman" after he issued a 48-hour ultimatum for Iran to reopen the Strait of Hormuz or face military action. The demand, which expires Monday, threatens to plunge the region into a conflict with severe consequences for the global economy.
"To the Gulf governments: Please, once more, do your best to stop this madman from turning the region into a sea of fire," ElBaradei, a Nobel Peace Prize laureate, wrote on social media.
The stark warning comes as oil markets remain on edge over a potential full-scale military confrontation. The Strait of Hormuz, a narrow waterway through which roughly one-fifth of the world’s oil supply passes, has seen significant disruptions, pushing global energy prices higher amid fears of a wider war. Trump has repeatedly threatened to strike Iran's power grid if his demands for unimpeded shipping are not met.
ElBaradei's plea underscores the acute risks of a conflict that could far exceed previous regional wars, potentially triggering a global recession. With the ultimatum expiring Monday, oil futures are poised for a volatile opening as traders brace for the outcome of the high-stakes standoff.
President Trump's ultimatum is the culmination of weeks of escalating rhetoric and military posturing. The deadline has been extended twice, with Trump initially setting a 48-hour deadline on March 21 before pushing it back. On Saturday, he reiterated the threat on his Truth Social platform, stating, "Time is running out — 48 hours before all hell will reign down on them." The threat specifically targets Iran's electricity infrastructure, including power plants, as a primary target.
The U.S. pressure campaign is linked to a broader conflict that saw U.S. and Israeli forces launch a bombing campaign in late February aimed at Iran's ballistic missile and nuclear programs. In response, Iran has effectively blockaded the Strait of Hormuz and launched missile and drone strikes in the region.
While the U.S. demands a full reopening of the strait, Iran has signaled a more nuanced position. Ali Mousavi, Iran's ambassador to the U.K., stated that Tehran would continue working with the International Maritime Organization on safety and that vessels not connected to Iran's enemies could pass if they coordinate with Iranian authorities. This stance, however, directly conflicts with Trump's demand for immediate and unconditional passage.
Adding another layer of complexity, a senior Israeli defense official revealed that Israel is prepared to attack Iranian energy facilities and is awaiting approval from the United States. This follows a statement from Prime Minister Benjamin Netanyahu, who vowed to continue striking Iran's heavy industry to cripple its war-making capabilities.
The diplomatic impasse leaves the global economy vulnerable. A complete closure of the Strait of Hormuz would trigger a severe oil shock, likely sending crude prices into uncharted territory and leading to a flight to safe-haven assets such as gold and the U.S. dollar. The heightened geopolitical risk is expected to cast a long shadow over global equity markets.
This article is for informational purposes only and does not constitute investment advice.