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Latest financial news from across the markets

Daily Market Overview

Gold futures have dropped sharply by 10% as investors move away from safe-haven assets amid escalating geopolitical tensions. European stocks opened 1.6% lower, influenced by President Trump's ultimatum regarding the Strait of Hormuz, which has also caused oil prices to rise. The ongoing conflict involving Iran and the U.S.-Israel alliance continues to create uncertainty in the markets, contributing to a fourth consecutive week of stock declines. Meanwhile, the dollar has strengthened as demand for safe-haven currencies increases in response to the turmoil.

Latest Market Updates

More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says

More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says

less than a minute ago

European stocks tumble as Trump sets Hormuz deadline

European stocks tumble as Trump sets Hormuz deadline

less than a minute ago

Oil prices rise as Trump’s Strait of Hormuz ultimatum keep markets on edge

Oil prices rise as Trump’s Strait of Hormuz ultimatum keep markets on edge

less than a minute ago

Iran threatens U.S. Treasury buyers as Trump’s 48-hour ultimatum looms

Iran threatens U.S. Treasury buyers as Trump’s 48-hour ultimatum looms

less than a minute ago

CNBC Daily Open: Trump issues Strait of Hormuz ultimatum

CNBC Daily Open: Trump issues Strait of Hormuz ultimatum

less than a minute ago

Asia markets tumble as Middle East conflict spiral with no sign of abating

Asia markets tumble as Middle East conflict spiral with no sign of abating

less than a minute ago

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