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Oil crisis deepens as Strait of Hormuz remains closed; Trump weighs military options

Stock futures declined as the ongoing closure of the Strait of Hormuz continued to impact oil markets, pushing prices higher and raising concerns about global debt. The failure of a recent U.S.-China summit to resolve the issue has led to a sell-off in bonds, with yields climbing significantly. President Trump is reportedly considering military actions against Iran due to stalled diplomatic talks, adding further uncertainty to the volatile situation. AI

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Oil crisis deepens as Strait of Hormuz remains closed; Trump weighs military options

COVERAGE [1]

  1. Fortune TIER_1 · Jason Ma ·

    Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on Iran

    Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."