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Oil surged as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.
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Stocks dropped sharply and oil prices surged after Donald Trump's address about the Iran war failed to assure markets that the conflict would end soon.
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Oil prices surged around 8 percent and stock markets fell after President Donald Trump presented no plan to open the critical waterway.
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President Trump on the war in Iran: "We are on track to complete all of America's military objectives... We're going to bring them back to the Stone Ages where they belong."
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U.S. oil prices soared more than 10% on Thursday.
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Doubts that the United States would come to the aid of NATO allies increase each time, prompting Europeans to consider an alliance without Washington.
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French President Emmanuel Macron has said Donald Trump's comments about his marriage were "neither elegant nor up to standard".
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Plus, does every middle schooler really need a laptop?
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U.S. exceptionalism is "no longer automatic" among global investors, one market watcher told CNBC.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israeli strikes.
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We have takeaways from the president's address to the nation.
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Iran continued to target Gulf countries with ballistic missiles and drones Thursday as the U.S. Embassy in Baghdad issued a security alert warning of attacks by Iran-backed militias.
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President Trump did not define a clear path out of the conflict, which he estimated would end within three weeks.
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It has been a year since President Trump announced double-digit tariffs on imports from around the world. So far, those levies have not produced the economic boom the president promised.
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Investor sentiment quickly soured as Trump's speech went on, sending assets across the board lower in international markets.
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Asia-Pacific markets reacted negatively to Trump's speech, while oil prices jumped
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US tariffs stand at the highest rate in decades. But what has the impact been?
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President Trump addressed the nation last night, making his case for war with Iran. And, the Supreme Court majority seemed inclined to rule against the Trump administration on birthright citizenship.
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In his prime-time speech, President Donald Trump argued that the U.S. had to act on its own to neutralize the threat from Iran because many of America's allies wouldn't help.
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The United States and Israel have done significant damage to Iran's military capabilities. But Iran still fires missiles, has nuclear material and coordinates with militias in the region.
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The case is open-and-shut on the merits. But its procedural course still leaves plenty of room for Trump administration overreach.
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