Oil jumps and stocks fall as Trump promises to hit Iran ‘extremely hard'
Oil prices surged and global stocks fell after President Trump's speech promising to hit Iran "extremely hard." This dashed hopes for a quick end to the conflict, raising fears of prolonged volatility. Brent crude jumped over 7% as markets reacted to the renewed threat of attacks on Iranian oil facilities, with Tehran having closed the Strait of Hormuz-a critical chokepoint for global energy supplies.
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