Oil prices spike on Trump’s threat to Iran, then level off, Asian equities slip amid geopolitical jitters
Oil prices steadied on Wednesday following a sharp surge the previous day, triggered by fears of escalating US involvement in the ongoing Israel-Iran conflict. The spike came after US President Donald Trump issued aggressive statements demanding Iran’s “unconditional surrender” and suggesting possible support for Israeli strikes on Iranian nuclear and military sites.
As Iran and Israel entered a sixth consecutive day of missile exchanges, Trump left the G7 Summit in Canada early, stating he sought a “real end” to the hostilities rather than a mere ceasefire.
