Trump Vows Iran 'Will Pay' as Oil Markets Spike on Strait of Hormuz Tensions
President Trump threatens Iran over the deaths of three U.S. soldiers amid ongoing airstrikes, while a push for a new ceasefire by Qatar and Pakistan fails to calm markets. Brent crude trades near $89 a barrel on supply disruption fears from the Strait of Hormuz.
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President Donald Trump has vowed that Iran "will pay" for the deaths of three American soldiers, as U.S. airstrikes in the region continue. Mediators including Qatar and Pakistan are pressing for a renewed ceasefire, but escalating tensions are keeping oil markets on edge.
Disruptions to shipping through the strategic Strait of Hormuz are adding to supply concerns. Brent crude oil is trading near $89 a barrel, reflecting market anxiety over potential supply cuts.
Source: First Squawk