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Oil Surges ~3%, DJIA Futures Slide as Trump Threatens Extremely Severe Strikes on Iran in Coming Wks
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US President Donald Trump has delivered a national address on the situation in Iran. He described Operation Epic Fury against Iran as an overwhelming victory and warned that the US would launch extremely severe strikes on Iran within the next 2-3 weeks, urging countries that rely on the Strait of Hormuz for oil transportation to show courage in resolving the issue. The US would provide assistance, but other countries should take the leading role. International oil prices rose during Trump’s speech. Brent oil futures last climbed by 3.7% to USD104.9 per barrel, while New York oil futures grew by 2.49% to USD102.61 per barrel. In contrast, US stock futures caved under pressure. DJIA futures fell by 256 points or 0.55% to 46,541, while S&P 500 futures and Nasdaq futures experienced a decline of 0.69% and 0.89%, respectively. Auto-translated by AI AASTOCKS Financial News |
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