Nonilex10h ago

Prime-time disappointment

In a 19 min prime-time address, #Trump squashed hope among investors ​of an end to the #war in the #MiddleEast, saying Washington will ‌hit #Iran "extremely hard" over the next 2 to 3 weeks.

With no timeline for an end to the #US - #Israel war with Iran & with the #StraitOfHormuz staying closed, investors were quick to ​return to what they did in March: Selling #stocks, buying US dollars ​& sending #oil prices higher.

#geopolitics #economy
https://www.reuters.com/markets/europe/global-markets-view-europe-2026-04-02/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

Show threadNonilex

#Trump repeated calls for countries that rely on Gulf ⁠#oil to "take the lead" & assume the burden of reopening the waterway on ​which #Iran has a chokehold that has created what some market watchers have called ​the worst global #energy shock in history.
The prospect of an end to the month-long #war had lifted global #stocks & knocked the dollar off recent highs over the past 2 trading sessions after ​a brutal March where soaring oil prices sent risk assets into a tailspin.

#TrumpsWar #economy

5:06amWeb
Show threadNonilex10h ago

But ​those moves were being reversed on Thursday after Trump’s speech as traders who had added risk ‌this ⁠week were swiftly exiting those positions, bracing for a prolonged #energy shock to spur worry over #stagflation - rapid #inflation with slow growth.

#TrumpsWar #IranWar #US #Iran #Israel #war #Trump #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #affordability #CostOfLiving #oil #EnergyCrisis