US President Trump says there is no reason to panic over Iran war oil-price surge, and says 'I have a plan for everything', NYP reports

President Trump's comments aim to calm market fears regarding the impact of escalating tensions with Iran on oil prices.

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US President Trump says there is no reason to panic over Iran war oil-price surge, and says 'I have a plan for everything', NYP reports

Russia President Putin says oil production linked to Strait of Hormuz risks coming to a complete halt as early as next month; changes in logistics for oil deliveries will take a long time and require significant expenditure

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His assertion of having a comprehensive plan suggests a measured approach could mitigate potential disruptions in the energy market, which is critical for both inflation and economic stability. This kind of rhetoric may influence risk sentiment, supporting equities and potentially dampening immediate volatility in oil prices.

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