US Strikes Iran as Trump Demands Quick Signing of Deal

AI Summary

The US conducted airstrikes on Iranian targets in response to threats against American Navy vessels, urging an urgent resolution to ongoing negotiations. This situation is causing volatility in oil markets as prices approach $100 a barrel.

The US strikes Iranian targets following what it said were attacks on Navy destroyers, as President Donald Trump warned of "violent" escalation unless a deal is signed quickly. It leaves markets in "wait and see" mode as oil nears $100 a barrel. (Source: Bloomberg)