US Energy Secretary Wright says we're going to continue to attack Iran and what we're doing now is ensuring the flow of oil, gas and other products through the Strait of Hormuz with or without Iran's cooperation
The comments from US Energy Secretary Wright indicate a firm US stance on Iran, suggesting ongoing military pressure while attempting to secure vital energy supplies through the Strait of Hormuz.
[CALENDAR ADDITION] US President Trump is to meet with Lebanon's President 11:15EDT/16:15BST on Tuesday
New Zealand's Finance Minister says it is unwelcome to see global oil prices rising and expects that oil impacts pump prices domestically
US Energy Secretary Wright says we're going to continue to attack Iran and what we're doing now is ensuring the flow of oil, gas and other products through the Strait of Hormuz with or without Iran's cooperation
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Nasdaq 100 futures eke slight gains after finishing marginally higher the prior day, while Asia also attempts to rebound
Oracle (ORCL) may face a USD 7bln collateral bill for Wisconsin data centre, according to FT reports
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Says:
- We continue to undermine Iran's offensive military capabilities and US President Trump wants to end the conflict with a peace deal, but this will require cooperation of both sides.
This could lead to heightened tensions in the region, impacting oil prices and energy markets significantly, while also affecting currency markets, especially for oil-exporting nations. The potential for escalated conflict may create volatility in commodities such as crude oil and gold, which often serve as safe havens in times of geopolitical uncertainty.
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