Oil prices and stock markets swing as Trump threatens Iran and tensions rise

Oil prices jumped to a two-month high after President Trump threatened Iran's trading partners and Iran attacked a U.S. military base. This caused stock markets to become volatile, with shares slipping as investors worried about the conflict.

In response to the tensions, the U.S. imposed new sanctions on Iranian officials for cracking down on protests and laundering oil money. Some Republican lawmakers criticized Trump's threats, arguing they could harm the U.S. dollar and Israel's security.