Escalating US‑Iran Conflict in Hormuz Sends Oil Prices to $115, Triggers Global Market Shock
Financial Times reported that U.S. and Iranian forces exchanged fire in the Strait of Hormuz, pushing crude oil to $115 a barrel and causing a sell‑off in Treasury markets (article 28202). In a related piece, the paper warned that a prolonged Hormuz blockade could spark a broader oil‑price crunch, threatening economic stability in rich nations (article 28203). While both stories describe the same geopolitical tension, the first focuses on the immediate market reaction, whereas the second stresses longer‑term risks to global economies.
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