Oil Surges After Trump Address

President Donald Trump's latest address to the nation has sent oil prices soaring as he pledged to hit Iran 'extremely hard' over the coming weeks.

The lack of a definitive plan to reopen the Strait of Hormuz has unsettled investors, leading to a sharp sell-off in global stock markets.

Analysts warn that the continued disruption of vital energy shipping lanes could trigger a global recession and fuel rationing within months.

As the war enters a dangerous new phase, the economic impact is being felt at the pump with gas prices hitting their highest levels since 2022.