Markets in Free Fall as Trump's Words Send Oil Prices Soaring The past 48 hours have seen a dramatic escalation of tensions between the US and Iran, culminating in fresh military strikes by both sides.
The situation has left global markets reeling, with oil prices jumping to new highs and stock markets teetering on the brink of a downturn.
President Trump's decision to revoke a sanctions waiver on Iranian oil was seen as a provocative move, but his words are sending shockwaves through the markets.