Find a way out! Trump Advisor: It's time to 'declare victory and withdraw' from Iran.

For the first time, an open "defection" has emerged within the Trump administration—David Sacks, White House AI and crypto advisor, called for "declare victory and withdraw immediately" on a podcast, stating that this is "what the markets most want to see." Meanwhile, the blockade of the Strait of Hormuz has caused oil prices to spiral out of control, stock markets to plummet, and warnings of stagflation to ring out. More critically, the military had already warned of the blockade risks before the conflict began, betting that Iran would yield first—two weeks later, the bet has failed.

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Are we seeing a repeat of the 'Liberation Day' turmoil? Global markets hit by triple shock, cross-market volatility surges.

Due to the Iran war, market pressure is accumulating at the fastest pace since last year's tariff shock, driving up oil prices and increasing borrowing costs.

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Express News | Trump announced an airstrike on Kharg Island, Iran's oil export hub. (Xinhua News Agency)

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Express News | The U.S. Department of Justice is set to appeal the ruling in the Powell case, potentially delaying Wash's appointment.

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Express News | When will the US military escort oil tankers through the Strait of Hormuz? Trump's latest statement: very soon.

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U.S. Stock Market Close | Escalation of U.S.-Iran Tensions Triggers Reversal Decline in Indices, S&P 500 Index Records Third Weekly Loss; 'Japanese Alipay' PayPay Surges Another 16% on Second Day of Listing; Brent Crude Closes Above $100 for Two Consecuti

The S&P erased nearly a 1% gain from earlier in the session and ultimately closed down 0.6%. Meta fell 3.83%, marking its largest single-day drop since October 30. The yield on the 10-year U.S. Treasury bond reversed intraday losses and ended up rising by 1 basis point. The U.S. Dollar Index rose by 0.6%. Bitcoin surged over 5% at one point, reaching $74,000. Spot gold dropped by 1.2%, extending its decline for a third consecutive day. Spot silver plunged more than 4%, briefly falling below the $80 mark during the session. WTI crude oil rose 3%, approaching the $100 mark.

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