US-Iran War: Markets Shaken, Oil Prices Soar
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tensions escalate in the US-Iran conflict, now in its fifth week, with no end in sight. President Trump threatens to strike Irans power plants, oil sites, and water plants if they dont reopen the Strait of Hormuz. Iran retaliates by attacking a Kuwaiti oil tanker near Dubai. Oil prices surge nearly 4% to $107 per barrel, a 60% increase this month. Over 4,700 dead, mostly in Iran, and a million displaced in Lebanon. Israel and Iran exchange missile strikes, with Houthis from Yemen joining the fray. Irans parliament approves fees in the strait, and Egypt pushes for mediation. Markets brace for further instability as the conflict widens.
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