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Middle East crisis live: Trump says he wants to ‘take the oil’ in Iran and could seize Kharg Island ‘easily’ | US-Israel war on Iran

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Oil prices rallied and stocks tumbled again on Monday as the Middle East crisis escalated with the entry of Yemen’s Houthis into the war and concerns the US will send in ground troops.

The surge in oil prices and the prospect of an extended conflict put more pressure on equities amid fears about a surge in inflation that could hit the world economy.

Tokyo sank more than 4% and Seoul more than 3%, while Hong Kong, Shanghai, Sydney, Singapore, Wellington, Taipei, Jakarta and Manila were also sharply down, reports Agence France-Presse.

The losses followed a bad day on Wall Street, where all three main indexes tumbled after the US and Israel struck Iranian nuclear sites.

“The market is now reacting to higher crude pricing and towards the fallout in the economic consequences,” wrote Pepperstone’s Chris Weston.

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Driver killed in Bedford train crash named

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Spain v Saudi Arabia: World Cup 2026 – live | World Cup 2026

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CCTV shows moments leading up to arrest in anti-Muslim attacks probe

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A topless man can be seen driving erratically in Edinburgh before abandoning his car and attacking a black man and a delivery rider.



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