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Story summary
- U.S. President Donald Trump addressed the Iran war, saying his objectives are nearing completion.
- He urged nations to keep the Strait of Hormuz open, vital to global energy supply.
- Brent crude rose 4.8% to $106.02, while West Texas Intermediate rose 4% to about $104.
- Asia’s stock markets fell, with the Nikkei 225 down 1.9% and Kospi down 3.5%.
- Investors now expect tight oil supplies to persist, signaling a prolonged conflict.
