Trump's Iran Speech Spurs Market Crash, Oil Surges Amid No Exit Plan

Trump's address failed to calm markets as stocks plunged and oil surged.

The S&P 500 dropped 1.3%, the Nasdaq slid 1.8%, and the Dow tumbled 625 points.

Akhbar 24

Oil soared over 12%, with U.S. crude jumping above $113 per barrel.

Trump pledged additional strikes over two to three weeks and insisted the war would continue until objectives were fully achieved.

The Atlantic Council described the campaign as a high-risk gamble.

Trump failed to offer a structured path to ceasefire or reopening the Strait of Hormuz.

Trump said the strait will open up naturally and urged other nations to just take it.

Al-Masry Al-Youm

The Strait remained effectively closed, with Iran threatening to attack tankers.

Global stock markets from Asia to Europe fell.

The national average price per gallon of gasoline hit $4.08, up from $2.98 before the war.

GasBuddy warned motorists could see the surge at the pump within a day.

Higher energy costs exacerbated inflation and recession fears.

Bitget analyzed the market psychology behind the volatility.

The UK hosted a virtual video conference with more than 30 countries.

Putin and the Saudi crown prince expressed serious concern and emphasized the need for a rapid cessation of hostilities.

Al-Yawm as-Sabi'

Trump set a 10-day deadline for Iran to reopen the Strait.

The British/Austrian military blocked clearance for US forces to launch strikes from European bases.