Ftse 100 plunges and borrowing costs rise as Donald Trump's Strait of Hormuz threats see oil prices surging
Global financial markets fell sharply on Monday after President Donald Trump issued a 48 hour deadline for Iran to reopen the Strait of Hormuz, triggering volatility across equities, oil and bond markets. Brent crude surged past $113 per barrel, remaining below the recent conflict peak of $119, as the vital shipping route stayed closed amid ongoing hostilities. The strait handles roughly a fifth of global oil supplies, heightening concerns about energy disruption and inflation
Global financial markets fell sharply on Monday after President Donald Trump issued a 48 hour deadline for Iran to reopen the Strait of Hormuz, triggering volatility across equities, oil and bond markets. Brent crude surged past $113 per barrel, remaining below the recent conflict peak of $119, as the vital shipping route stayed closed amid ongoing hostilities. The strait handles roughly a fifth of global oil supplies, heightening concerns about energy disruption and inflation
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