"Far from providing reassurance that the conflict could be resolved, Trump's ultimatum to Iran over the Strait of Hormuz has sent another jolt of worry through markets."
"The war has become intractable, and any possibility of shipments resuming in a meaningful way through the vital waterway seems a dim and distant hope right now."
Equity markets faced a significant decline as investors reacted to the escalating conflict in Iran. Brent Crude oil prices surged to $115 per barrel amid fears of supply disruptions. Iran's threats to target U.S. Treasury securities raised alarms about financial market volatility. Keir Starmer convened a COBRA meeting to address rising energy costs. Gold prices continued to decline as investors shifted focus to higher returns from bond yields. The FTSE 100 fell 1.5%, reflecting investor fears about the prolonged war's economic impact.
Read at London Business News | Londonlovesbusiness.com
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