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Trump dropped a proposed 20 percent Hormuz transit fee hours before it was set to take effect, saying Gulf states will make investment deals with the US instead. Oil rose two percent as US strikes on Iran continued for a third night and regional exchanges escalated across Jordan, Bahrain, and Kuwait.
U.S. stock futures for the S&P 500, Nasdaq, and Dow fell Friday after President Trump declared the Middle East ceasefire "over," sending oil prices sharply higher. The combination of rising energy costs and heightened geopolitical risk pushed investors into risk-off mode ahead of the market open.
Trump has announced that Iran and Israel are seeking an immediate ceasefire, with Iran's military halting operations. Indian markets are likely to rebound, as easing West Asia tensions could pull crude oil prices lower and reduce pressure on the rupee and import bill.
Iran condemned the US naval blockade in the Strait of Hormuz as maritime banditry, while fresh clashes in Lebanon further strained prospects for a Trump-backed regional peace deal. The dual pressure points raise energy market risk and complicate US diplomatic positioning across the Middle East.
Tag
Trump dropped a proposed 20 percent Hormuz transit fee hours before it was set to take effect, saying Gulf states will make investment deals with the US instead. Oil rose two percent as US strikes on Iran continued for a third night and regional exchanges escalated across Jordan, Bahrain, and Kuwait.
1mo ago · 4 min · Global Affairs
U.S. stock futures for the S&P 500, Nasdaq, and Dow fell Friday after President Trump declared the Middle East ceasefire "over," sending oil prices sharply higher. The combination of rising energy costs and heightened geopolitical risk pushed investors into risk-off mode ahead of the market open.
1mo ago · 3 min · Markets
Trump has announced that Iran and Israel are seeking an immediate ceasefire, with Iran's military halting operations. Indian markets are likely to rebound, as easing West Asia tensions could pull crude oil prices lower and reduce pressure on the rupee and import bill.
2mo ago · 3 min · Markets
Iran condemned the US naval blockade in the Strait of Hormuz as maritime banditry, while fresh clashes in Lebanon further strained prospects for a Trump-backed regional peace deal. The dual pressure points raise energy market risk and complicate US diplomatic positioning across the Middle East.
4mo ago · 1 min · Global Affairs
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