Trump vows to strengthen crackdown on Iran; Japan and South Korea lead declines in Asian stocks, oil prices rise above $100
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U.S. President Trump reiterated that the U.S. military will continue to strike Iran in the next 2 to 3 weeks, leading to a widespread decline in Asian stock markets, with the Seoul stock market dropping over 4% and the Tokyo stock market falling 2.4%. Investors were disappointed by Trump's speech, which failed to provide a solution to the blockade of the Strait of Hormuz. Meanwhile, international oil prices rose, with Brent crude reaching as high as $108.15
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