President Donald Trump's Iran speech unnerves investors as stocks fall
Business
President Trump's latest speech on the ongoing Iran conflict left investors uneasy. Stocks dropped, but the US dollar got a boost as Trump mentioned progress on "core strategic objectives" (without saying when things might calm down).
The uncertainty has kept market nerves high, especially with military tensions still rising.
Strait of Hormuz oil shipments disrupted
The conflict has disrupted oil shipments through the key Strait of Hormuz, making fuel pricier worldwide, especially in Asia.
Brent crude oil jumped over 3% to $104.75 a barrel, while energy price hikes are sparking fresh inflation concerns.
As a result, many are turning to the dollar for safety, while other currencies like the euro have slipped.