business / news / / Free Press Journal
Global equity markets declined on Monday after a renewed threat of hostilities in West Asia and an energy crisis again looming on the world.
Global equity markets declined sharply after failed US-Iran peace talks in Islamabad.
KEY POINTS
- President Trump announced an immediate US naval blockade of the Strait of Hormuz.
- Iran warned it would attack any military ship approaching the Strait of Hormuz.
- Oil prices surged above $100 due to heightened tensions and blockade threats.
COMPANIES
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