Trump ditches appeal for help in Iran war, slamming allies
Why it matters: Oil shock and policy shifts could reshape energy and tech investment landscapes.
- Donald Trump rejects allies’ pleas for help in the Iran conflict, taking a unilateral stance (title)
- Oil markets stay volatile as the Hormuz bottleneck pushes crude to $100/barrel, threatening U.S. growth and delaying interest‑rate cuts (Financial Times)
- Software stocks have rallied since the crisis began, offering a bright spot for investors (MarketWatch)
- U.S. counterterrorism director Joe Kent resigns, arguing Iran poses no imminent threat (CNBC, Axios)
- Iranian vessels are being tapped by the U.S. for shipping assistance amid the oil crunch (NYT Business)
Trump snubs allied offers as the near‑shutdown of the Strait of Hormuz sends oil prices hovering around $100 a barrel, sparking a broad market scramble. While energy costs surge, software stocks rebound, and U.S. officials resign over a war they deem non‑imminent, raising questions about growth, rate cuts and investment strategy.
