Global Oil Prices Surge After Trump Address Fails to Secure the Critical Strait of Hormuz Route

Donald Trump's address on the ongoing conflict with Iran failed to stabilize global energy markets, leading to a five percent surge in Brent crude oil prices.Economists warned that a continued closure of the Strait of Hormuz could drive crude prices toward two hundred dollars per barrel.While the US has deployed warships like the USS Tripoli and USS Boxer, European allies remain hesitant to join the military operation.Global indices including the Dow Jones fell sharply as investors reacted to the lack of a clear strategy for restoring the flow of crude oil.
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