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US Strikes Iran Send Oil Above $78 and Pressure Stocks as Markets Brace for Fed Tightening

The US launches airstrikes targeting Iran after Tehran attacked a container ship in the Strait of Hormuz, provoking a sharp jump in oil and immediate market concern.Iran had also targeted US facilities across several Gulf countries and declared the Strait closed, a claim President Donald Trump disputed while saying he had authorized US reprisal strikes; futures and Asian shares fell, with South Korean tech names plunging.Investors now focus on US consumer price index data and a week of major bank and corporate earnings as analysts warn that crude-flow disruption could amplify inflation and force tighter central-bank policy.
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