00:00Oil prices just exploded, and one speech may have triggered it.
00:04In a dramatic national address, Donald Trump warned that the war with Iran is far from over.
00:09He said the United States will hit Iran extremely hard over the next two to three weeks.
00:14Many investors hoped the conflict was about to end.
00:18But Trump gave no clear timeline for peace.
00:21The markets reacted immediately.
00:23Global stocks slipped.
00:25And oil prices surged more than 5%.
00:27Crude jumped to around $106 per barrel.
00:31Why is this happening?
00:33Because the conflict threatens the Strait of Hormuz.
00:36This narrow passage carries nearly 20% of the world's oil supply.
00:41If fighting disrupts it, global fuel prices could spike even higher.
00:45Trump said the military campaign has already weakened Iran's forces and nuclear capabilities.
00:51But analysts warn the conflict could still drag on.
00:55And if it does, the world might feel it every time we fill up the tank.
00:59It's a long, it's a long, it's a big, it's a huge anomaly, but it causes ancym respirator.
00:59We can warm on the bank on the bank.
00:59We have to thank the city and a life of the time that they were giving us a support unit
01:00and getting us to nっちm.
01:00We're not gonna have to add on the bank поч.
Comments