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newsApr 2, 20261:36

Trump's Iran Vow Sends Oil, Stocks Soaring

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President Trumps national address revealed plans to intensify strikes on Iran, causing oil prices to surge and global stocks to plummet. The Strait of Hormuz deadline was omitted, leaving investors uncertain about supply chain issues and energy costs. Asian and European markets closed lower, with U.S. futures pointing south. Gold also tumbled, as markets crave a ceasefire outline to stabilize the situation.

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Trump's Iran Vow Sends Oil, Stocks Soaring

Global News Today | 2 Min News | The Daily News Now!

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Global News Today | 2 Min News | The Daily News Now!Trump's Iran Vow Sends Oil, Stocks Soaring. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 2nd. Welcome in. This is Global News Today, where the world meets AI. I'm Cory with the story. President Trump dropped a bombshell in his first national address since the Iran conflict kicked off, vowing the U.S. will keep pounding Iran hard and rap things up soon as key goals near completion. Oil prices shut up over 7% right after, with Brent Crude hitting $100 in 69 cents per barrel and U.S. Crude, climbing to $107.24. He laid out plans to hit them extremely hard over the next two to three weeks, but skipped any word on the straight-of-horn moves deadline he said earlier for. Reopening that vital oil route, no clear road map yet to fix the supply snarls driving energy costs sky high. Global stocks took a hit on the news. Asian markets closed lower, by Tokyo's Nikkei, down 2.4% to 52,463, and South Korea's

Kospi, off 4.5%, Europe followed suit in early trading, with Germany's DAX dropping 1.6%, U.S. futures point is south too, S&P 500, down 1.1%, and Dow futures off 0.9%. Gold tumbled 3.4% to $4,648.20, while yesterday's optimism had. Lifted Wall Street with the S&P up 0.7%. Markets are jittery, craving a solid C-spire outline to steady the ship, but for now, uncertainty rules as traders brace for more volatility ahead.

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