Hopes dim for swift end to Iran war after Trump speech, oil prices surge
US President Donald Trump has vowed to intensify military operations against Iran, disappointing investors hoping for a swift end to the conflict. The escalation has led to a surge in oil prices and a decline in stock markets, with global energy supply chaos and economic instability looming.
The US and Iran are engaged in a month-long conflict that has sparked global energy supply chaos. US President Donald Trump has announced plans to intensify military operations against Iran. Iran's armed forces have responded with a warning of more crushing attacks. The conflict has led to a surge in oil prices, with Benchmark Brent crude prices jumping about 6 percent. Stocks have taken a hit, with US index futures down 1.3 percent and European futures sinking over 2 percent. The US embassy in Baghdad has urged its citizens to leave Iraq, warning of attacks in the capital by Iran-allied militia.
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