Oil price surges as fresh US-Iran strikes deepen Middle East tensions

Oil prices climbed again Tuesday, exceeding a one percent increase, as fresh U.S. strikes against Iran intensified hostilities and heightened concerns about inflation. The escalation follows Iran's seizure of a commercial ship in the Strait of Hormuz, a critical global oil transit route, and subsequent U.S. retaliatory actions.

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we’re going to hit them very hard tonight, and we’re going to hit them hard tomorrow.

President Donald Trump declared the U.S. would become "THE GUARDIAN OF THE HORMUZ STRAIT," proposing a 20 percent fee on all cargo shipped through the waterway while vowing to blockade Iran's ports. Trump also suggested a deal with Tehran to end the crisis remained possible, despite recent negotiation setbacks. These developments have fueled fears of renewed conflict and potential interest rate hikes by central banks.

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The United States would be “known as ‘THE GUARDIAN OF THE HORMUZ STRAIT'” and levy a 20 per cent fee on all cargo shipped through the waterway.

Equity markets experienced a mixed performance. While tech stocks managed to recover some ground after recent sell-offs, confidence remains fragile due to concerns about the sustainability of the AI-driven rally. Seoul's stock market saw significant volatility, ending in positive territory after earlier sharp declines.

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Yeah, I think a deal is possible. Sure, I do.