US EditionTrump Causes Global Panic Over Surging Oil Prices
7 Articles
7 Articles
Trump’s Strait of Hormuz rhetoric aims to control oil prices; Iran has ‘major surprises’: Source
Donald Trump’s threats to reopen the Strait of Hormuz and launch more attacks on Iran aim to control the soaring oil prices after the weekend closure in the US, a knowledgeable military source told Press TV.
Skyrocketing oil prices and stock market crashes put pressure on Trump to end the war.
Oil Surge Triggers Market Panic in Australia
Australian markets experienced a tumultuous start to the week as escalating tensions in Iran sent shockwaves through global markets. The S&P/ASX 200 index plunged dramatically, reflecting investor panic over surging oil prices and potential economic fallout. West Texas Intermediate oil prices spiked by 22 per cent, briefly exceeding $US111 a barrel, a level not seen since the Russia-Ukraine conflict in 2022. This surge was triggered by fears of …
Strait of Hormuz is effectively closed, WTI jumps 17% to $106, US stock futures plunge, safe-haven assets flock to the Middle East amid Trump's hard-line rhetoric, war intensifies as Iranian war intensifies, and passage through the Strait of Hormuz, a key artery for global crude oil, is effectively blocked.
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