Trump’s Iran Threats Shake Global Markets

Oil prices surged nearly 7% after US President Donald Trump threatened to strike Iran “extremely hard” in the coming weeks, without providing details on how the conflict would conclude. Brent crude rose to $107.60 a barrel, while Asian stock markets fell. Trump stated that the US would complete its strategic objectives shortly and spend the next two to three weeks bombing Iran “back to the Stone Ages.” The ongoing conflict has disrupted global oil and gas supplies, with shipments through the Strait of Hormuz largely halted after Iran threatened attacks on tankers in response to US-Israeli strikes. Trump emphasized that the US does not need Middle Eastern energy and urged other nations to intervene to restore oil flow.