The Latest: Oil prices surge, stocks fall with Trump offering no clear end to war
US President Donald Trump's address to the nation has rattled markets, with oil prices surging and stocks falling amid escalating tensions with Iran. The conflict has led to strikes on medical facilities, kindergartens, and other targets, with multiple countries calling for an end to hostilities.
The US-Iran conflict has intensified, with oil prices jumping and stocks falling. US President Donald Trump's address offered few details on an exit strategy. French President Emmanuel Macron criticized Trump's call for military force to unblock the Strait of Hormuz. US-Israeli strikes hit a medical research facility in Iran and a kindergarten in northern Israel. The conflict has disrupted shipping lanes, causing shortages of jet fuel and diesel in Asia and Europe. The average US gas price continues to climb, with experts warning of potential $4.50 or $5 per gallon prices by Memorial Day weekend.
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