Oil Prices Surge After Trump Offers No Exit Plan

“Oil prices surged and stock markets sank on Thursday, hours after President Trump declared in a national television address that the U.S. military campaign against Iran was an overwhelming success but failed to offer a clear exit strategy,” the New York Times reports.

Wall Street Journal: “The lack of a clear timeline eroded hopes on Wall Street that the war might come to a speedy end and the Strait of Hormuz could open soon, allowing oil to once again flow freely from the Persian Gulf to world markets.”