Global stocks fall and oil prices surge on Trump’s Tehran warning

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleGlobal markets began the week turbulently, with Asian stocks largely retreating and U.S. futures declining, while oil prices surged. The market instability was primarily triggered by Donald Trump's warning to Tehran that "the clock is ticking" amid stalled negotiations, which directly contributed to oil price increases.Further concerns arose from a weekend drone strike on a United Arab Emirates nuclear power plant and the ongoing closure of the Strait of Hormuz, a vital global energy chokepoint. Major indices across Asia, including Tokyo's Nikkei 225 and Hong Kong's Hang Seng, declined, while U.S. markets such as the S&P 500, Dow Jones, and Nasdaq also fell on Friday. In fullTrump’s ‘clock is ticking’ Iran warning sends oil prices soaring and global markets tumblingThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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