US president says war is ‘very complete’ and threatens worse strikes if passage of oil via strait of Hormuz is blocked; IRGC says it will not let out ‘one litre of oil’
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Oil prices drop sharply after Trump moves to reassure markets
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Trump says Iran war is ‘very complete, pretty much’ as economic toll rises
Investor hopes for a swift resolution to the Middle East conflict propelled Australian shares higher today, with the benchmark S&P/ASX 200 finishing the day up 1.1% and recovering about $35bn in value after yesterday’s $90bn plunge.
Oil prices surged to a four-year high early in the week before coming back down below $US90 a barrel after Donald Trump suggested the Iran conflict would end soon, sending global stock markets higher.
