Oil prices surged above $100 and global markets fell after Iran’s new supreme leader ordered the Strait of Hormuz closed, while Trump emphasised defeating Iran’s “evil empire” over energy concerns. Oil prices surged past $100 while stock markets continued to slide after Iran’s new supreme leader ordered the Strait of Hormuz to remain closed. Concerns over a protracted conflict persisted as US President Donald Trump said defeating Iran’s “evil e... [4000 chars]
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