Trump Vows Retaliation as U.S.–Iran Conflict Intensifies and Oil Prices Surge

MACROECONOMY 
Trump Vows Retaliation as U.S.–Iran Conflict Intensifies and Oil Prices Surge President Donald Trump pledged to “avenge” the deaths of three U.S. service members killed during ongoing military operations in Iran, stating that combat efforts are “ahead of schedule” and will continue, while Iran’s retaliation escalates following U.S.–Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei; the widening conflict has disrupted global travel, prompted Congress to consider a war powers vote, driven insurers to raise tanker rates in the Strait of Hormuz, and sent oil prices sharply higher, with U.S. crude jumping over 7% above $72/barrel amid fears of broader supply disruptions and prolonged regional instability. (CNBC)

COMPANY 
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