Failed negotiations between Washington and Tehran have led to signals of a potential blockade in the Strait of Hormuz. The announcement has triggered extreme volatility across global equity and energy markets.
- Diplomatic talks between the US and Iran have officially failed
- US signals potential blockade of the Strait of Hormuz
- Oil prices plummeted by 13.4% following the news
- S&P 500 saw a 3.5% increase amid the volatility
- Previous gains in crypto and commodities have been reversed
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