Stocks drop and oil surges back above US$100 as US’ blockage of Hormuz escalates war
South China Morning Post
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Stocks fell and oil surged on Monday as investors flocked to a haven trade after US President Donald Trump said American forces would block the Strait of Hormuz, escalating the month-long war in the Middle East after Washington and Tehran failed to reach a ceasefire.
Key equity benchmarks in Asia all fell after crude oil futures soared back above US$100 a barrel, with Brent futures contracts surging 7 per cent and the West Texas Intermediate ones jumping 8 per cent.
Hong Kong’s Hang Seng Index...
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Oil prices skyrocket past $100 after US announces Strait of Hormuz blockade
Times Of India —
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Asian markets fall as oil surges past $100 after talks collapse
Middle East Eye —
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Oil jumps above $100 after US-Iran talks end without a deal
BBC News —
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Oil Climbs as U.S.-Iran Peace Talks Fail, U.S. Navy Starts Blockade of Strait of Hormuz
Wall Street Journal —
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Oil Prices Surge Above $100 After Peace Talks Fail and Trump Threatens Blockade
The New York Times —