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Evening digest: US-Iran blockade, oil surge shake markets
invezz69d ago

Evening digest: US-Iran blockade, oil surge shake markets

Global markets remained on edge Monday as geopolitical tensions and corporate developments drove volatility across asset classes. The US escalated pressure on Iran with a blockade in the Strait of Hormuz, oil prices surged on supply fears, Bitcoin traded sideways amid uncertainty, and Goldman Sachs shares fell despite strong earnings. Trump Iran developments The US said it began blocking ships from entering or exiting Iranian ports in the Strait of Hormuz, marking a significant escalation after peace talks with Iran collapsed. “We can’t let a country blackmail or extort the world, because that’s what they’re doing,” President Donald Trump told reporters outside the Oval Office after the blockade took effect at 10 a.m. ET. Asked about the goal of the...

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