Oil prices jump and shares drop after Trump threatens more Iran strikes
The US president said he'll bring Iran "back to the Stone Age" but gave no detail on ending the war.
Coverage by Political Leaning
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Notable Quotes
"To those countries that can't get fuel, many of which refuse to get involved in the decapitation of Iran… build up some delayed courage, go to the Strait and just take it."
— Donald Trump , Politician
"When this conflict is over, the strait will open up naturally. It will just open up naturally."
— Donald Trump , Politician
"The rise was a clear market reality check following the earlier optimism for an imminent ceasefire."
— Alberto Bellorin , Executive
"the worst-case solution for users of the waterway."
— Anne-Sophie Corbeau , Academic
"His speech is indeed disappointing. Trump announced victory while also threatening strikes on Iran’s energy and electricity facilities and saying he might deliver major blows over the next two to three weeks – so effectively it’s business as usual."
— Dilin Wu , Executive
"Trump’s latest address was supposed to reassure markets. It didn’t."
— Maxence Visseau , Executive
"Iran is very unlikely to agree to a temporary ceasefire if it opens the door to future rounds of conflict."
— Will Todman , Academic
"The strait will not be opened based on the 'absurd displays' of the US President."
— Abbas Araghchi , Politician
"We are going to finish the job, and we’re going to finish it very fast. We’re getting very close."
— Donald Trump , Politician
"The centers you think you have targeted are insignificant, and our strategic military productions take place in locations of which you have no knowledge and will never reach."
— Ebrahim Zolfaghari , Politician
"The market has shown disappointment because the speech President Trump made was far less than what the market expected."
— Takashi Hiroki , Executive
Key People
Abbas Araghchi is the Foreign Minister of Iran.
Alberto Bellorin is the founder and managing director at InterCapital Energy.
Anne-Sophie Corbeau is an expert on energy policy, formerly with BP and currently at Columbia University.
Dilin Wu is a research strategist at Pepperstone Group.
Former president of the United States known for his aggressive economic policies.
He is a spokesperson for Khatam al-Anbiya, Iran's top military headquarters.
Fatih Birol is the director of the International Energy Agency.
Lee Jae Myung is the President of South Korea.
Maxence Visseau is the founder of investment firm Arkevium.
Takashi Hiroki is the chief strategist at Monex.
Will Todman is a senior fellow in the Middle East Program at the Center for Strategic and International Studies.
Locations
Tags
All Coverage
The US president said he'll bring Iran "back to the Stone Age" but gave no detail on ending the war.
Oil prices increased by over 4% and Asian stocks declined after President Trump's address indicating continued aggressive actions against Iran, dampening hopes for a swift resolution to the conflict.
Oil prices increased by more than 7% and global shares declined following President Trump's address indicating continued aggressive actions against Iran, raising concerns about prolonged conflict and economic impact.
Brent crude jumped 7.6% to $108.83 per barrel following President Trump's warning of intensified military action against Iran, raising concerns about prolonged conflict and supply disruptions.
Oil prices rose over $5 as President Trump announced the U.S. would continue attacks on Iran without committing to a specific timeline to end the war, fueling investor concerns about sustained supply disruptions.
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