About this episode
Oil prices remain stable amidst Asian stock market dips, as Iran war uncertainty persists. Tokyos Nikkei, South Koreas Kospi, and Hong Kongs Hang Seng all declined. Brent crude slipped slightly, while U.S. crude rose slightly. Prices have surged over 40% since the war began. Tensions escalate with a drone strike on a Kuwaiti oil tanker. Gulf allies urge Trump to maintain pressure on Iran. Disruptions at the Strait of Hormuz pose a significant threat to supplies. U.S. futures climbed, gold rose, and silver gained as safe havens shine amidst the ongoing conflict.
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