💨 Abstract

Donald Trump declared the war with Iran "complete" but threatened "fire and fury" if Iran blocks the Strait of Hormuz. His statements caused fluctuations in oil prices and stock markets. The conflict has disrupted global oil supplies, leading to price surges and panic buying in the UK. Trump's remarks also sparked concerns about energy security for countries like the UK and Europe. The selection of a new Iranian supreme leader further fueled market volatility.

Courtesy: Sarah Hooper