Oil Surge and Market Turmoil as Trump's Oman Threat Escalates Iran Standoff

Brent crude surged to $US90.94 a barrel after President Donald Trump threatened to bomb Oman if it interferes with Iran negotiations, sending ASX futures down 0.5% to 8966 points ahead of the open. The threat came as a 60-day US-Iran truce officially expired, leaving the Strait of Hormuz – a critical oil chokepoint – in diplomatic limbo.

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