Trump warns ‘clock is ticking’ for Iran to make peace deal as oil climbs and bonds sell off
U.S. President Donald Trump has warned Iran that time is running out for a peace deal as tensions escalate over the closure of the Strait of Hormuz. The ongoing conflict has led to rising oil prices and inflation, prompting concerns of a potential global recession. Economists predict that unless oil flows resume, the economic impact will continue to worsen.
- ▪Government bonds are selling off due to fears of rising energy costs and inflation.
- ▪Trump threatened Iran, stating that they need to act quickly or face dire consequences.
- ▪Oil prices have surged, with Brent crude reaching $111 a barrel, a significant increase from pre-war levels.
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Open this photo in gallery:People walk past a mural depicting a U.S. aircraft carrier under missile attack in Tehran, on Sunday.Vahid Salemi/The Associated PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGovernment bonds continued their selloff on Monday on fears that the impasse over the opening of the Strait of Hormuz will keep boosting energy costs, stoking inflation. Some economists predict a global recession unless oil flows restart from the Persian Gulf.The impasse triggered another outburst from U.S. President Donald Trump. On Sunday, the day after he returned from his visit to Beijing, he used a social media post to threaten Iran once again.
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