Oil surges as US and Israel strike Iran
|Oil surges to nine-month highs
“All eyes are now on the Straits of Hormuz and whether Iran attempts to close this vital waterway. This conflict has become existential for the current Iranian regime, pushing them towards drastic action in the hope they can create a global oil price spike that brings the US back to the negotiating table. So far OPEC's production increase is having little effect.”
Stock markets firmly on the back foot
“The long-predicted showdown between Donald Trump and Iran has seen stock markets and index futures engulfed by more selling. This conflict has no definable end point at present, providing the strongest catalyst for a risk-off move since the tariff announcements last April."
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