Trump Threatens Iran, Asian Stocks Down 5.5%, Oil Prices Up 6.7%

AI Summary

President Donald Trump announced that the U.S. will strike Iran 'extremely hard' over the next two to three weeks during a national address. Following this statement, South Korea's Kospi index fell by 5.5%, and U.S. stock futures declined over 1%. The yield on 10-year U.S. Treasuries rose 6 basis points to 4.384%. In the oil market, Brent crude futures increased by 6.7% to $107.92 per barrel, while U.S. West Texas Intermediate rose 6.2% to $106.39, reflecting concerns over potential further escalations in the region.