Trump to Protect Tankers as Global Markets Plunge Over Iran War
Global stock markets plunged as South Korea's Kospi index fell over 11% following strikes by the USA and Israel that killed Ali Hosseini Khamenei.Donald Trump announced the US Navy will protect oil tankers in the Strait of Hormuz after Brent crude prices surged near $83 amid blockade threats.The
Federal Reserve and the
EU are monitoring inflation risks as the widening Middle East conflict complicates potential interest rate cuts.