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newsApr 2, 20261:23

Trump's Iran War Update: Markets React

About this episode

President Trumps hawkish stance on Iran escalates tensions, sending markets into a tailspin. Asian stocks plummet, oil prices surge, and gold and silver drop. Traders seek clarity on a ceasefire roadmap amid global energy shocks.

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Trump's Iran War Update: Markets React

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

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Full transcript

Canada News Today | 2 Min News | The Daily News Now!Trump's Iran War Update: Markets React. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 2nd. This is Canada News Today, AI-powered stories from your city. I'm Cory with the story. President Trump laid it out in his first national address since the Iran War started. The U.S. will keep pounding Iran hard and wrap-up core objectives, soon with operations possibly ending in two to three weeks. In that Wednesday night's speech, he ramped it up, promising to hit them extremely hard over the next two to three weeks. Notably, he skipped any update on his deadline for Iran to reopen the straight-of-form moves that vital chokepoint for global oil shipments. Markets reacted fast and furious. Asian stocks tumbled early Thursday. Tokyo's knee-k down 1.9 percent to around 52,732 South Korea's. Kospi off 3.6 percent. U.S. futures dropped more than 0.9 percent, too. Oil prices surged on the hawkish tone. Brent crude leaped 4.9 percent to $106.16 per barrel, while U.S. crude climbed 4 percent to $104.15.

Gold fell 2 percent to $4,718.70 in ounce, and silver shed 4.9 percent. Yesterday stock gains faded as uncertainty returned. Traders crave a clear ceasefire road map to steady the ride, especially with energy shocks. Rippling worldwide.

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