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President Trump Threatens Additional Strikes on Iran as Oil Prices Rise Amid Middle East Tensions

President Trump threatened to conduct further strikes against Iran following a direct exchange of attacks between the two countries. The conflict escalated after the U.S. struck two rocket launchers on Iran's Larak Island, prompting Iran to launch missiles at two U.S. air bases in Jordan.

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Oil prices rose on Tuesday as investors reacted to the renewed fighting and concerns over potential supply disruptions. Brent crude futures climbed 1.14% to $91.52 a barrel, while U.S. West Texas Intermediate crude gained 1.46% to $87.01. In addition to the direct strikes, a tanker was struck by three unknown projectiles in the Strait of Hormuz. The administration announced that President Trump and his senior aides are considering limited strikes in the Strait of Hormuz to prevent Iran from attacking ships. Market sentiment remained mixed across global markets. While the Dow Jones Industrial Average futures showed a slight advance, the S&P 500 and Nasdaq-100 futures were lower. In Asia, the Nikkei 225 fell 0.91%.

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