17 March 2025: 16:30 GMT
For a change of pace, Mr Trump kept his cool and his mouth shut for most of today. Until he said the US will consider any Houthi attacks as Iranian attacks and thus Iran will suffer “dire consequences”. Flat price shorts suffered the immediate effects, as Brent jumped back up 30c, undoing some of the afternoon’s decline. The White House press secretary also reiterated that reciprocal tariffs will kick in from 2 April.
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