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Trump Warns Military Action; Oil Prices Surge Amid Tensions

4/8/2026

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Story summary
  • U.S. President Donald Trump warns of severe military action if a nuclear deal isn't reached by his deadline.
  • Oil prices surge, impacting global markets and raising inflation concerns.
  • Investors monitor the Strait of Hormuz, a key oil transit route, as developments unfold.
  • Lockheed Martin reports a $194 billion backlog.
  • Venture Global posts a 177% revenue increase.