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Trump’s Gulf Move Rocks Markets | Perth News
Description
Trump’s surprise move to block Iranian shipping and impose a 20% fee on Gulf cargo sent oil prices surging and rattled global markets, while Wall Street took a hit amid Fed signals of possible rate hikes—creating a perfect storm for investors. With the Strait of Hormuz as a critical energy chokepoint, any disruption triggers global supply fears. Traders brace for key U.S. CPI data and a Fed Chair congressional report, with futures betting on another rate hike. Meanwhile, crypto rebounds and gold dips, while a South Korean chipmaker’s stock swings wildly after its debut.
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