Daily brief
Oil prices surged above $100 a barrel after the United States moved to blockade Iranian ports and the Strait of Hormuz, following the collapse of peace talks. Asian stock markets and currencies, particularly in India, fell sharply in response, while Wall Street futures also dropped on concerns about higher inflation.
UK Prime Minister Keir Starmer said Britain will not join the US blockade of Iran's ports in the Strait of Hormuz, while Iran's President Pezeshkian warned the move would hurt global trade and China urged restraint and talks.
A sanctioned tanker passed through the Strait of Hormuz despite the US blockade.
US stocks rallied and returned to pre-war levels on hopes for a resolution to the US-Iran conflict.
Russia withdrew almost all staff from Iran's Bushehr nuclear plant.
by WorldBrief & Maksim Micheliov | AI-generated summary