WorldTrump Makes New Demands on Iran as Oil Edges Higher

Global markets remain under strain as the confrontation over the Strait of Hormuz intensifies. President Trump has presented Iran with sweeping new demands, including compensation for people he says were “killed and gravely wounded” by Iran. More entrenched positions on both sides are reducing expectations for an agreement that could reopen shipping through the crucial waterway. Oil has again become a central source of inflation anxiety, with investors assessing the implications for central banks. Bonds declined as inflation concerns returned.

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