US EditionOil Jumps and Shares Fall After Trump Iran Address
- The MSCI Asia Pacific share index fell 1.5%, reversing recent gains after President Trump's speech reduced hopes for a swift end to the Iran conflict and dampened investor optimism.
- Brent crude oil prices surged above $106 a barrel due to the ongoing closure of the Strait of Hormuz and concerns over supply disruption amid the conflict.
12 Articles
12 Articles
Trump to Americans: "Iran Is Destroyed. They Are Finished. Strait of Hormuz? Let the Allies Open It"
He reiterated that US forces are ending the war in Iran, adding that countries that receive oil through the Strait of Hormuz should take control of this crucial oil transportation route.
US President Donald Trump, in his address to the American people on Thursday night, repeated his previous statement that the war in Iran will continue for another two or three weeks. He added that the US will attack very hard and will achieve all its goals. He added that Iran no longer poses a threat, that Iran is blocking the opening of the Strait of Hormuz, and that America does not need the Strait and that its allies should take care of unblo…
Since the beginning of the US-Israel operation against the ayatollah dictatorship in Iran, and which brought the closure of the Strait of Hormuz and the consequent increase in the price of oil, every time the barrel skyrocketed, Donald Trump had been throwing a message that would calm down the markets and slow down that rise. In his announced appearance on Wednesday, the tactic has been different. From the White House, a more challenging, even p…
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