US President Trump announced $200 billion in South Korean investments in American energy projects, including a $54 billion Alaska LNG project and a $22.3 billion Texas natural gas power plant, though Seoul emphasized these investments remain conditional on commercial viability and compliance with South Korean legal procedures.
Oil prices rose Tuesday amid uncertainty over US-Iran negotiations, with crude climbing above $107 a barrel as hopes for reopening the Strait of Hormuz faded after Donald Trump rejected Iran's truce offer. The spike fueled inflation concerns, prompting bond sell-offs globally and pushing yields to multi-year highs, which pressured stock markets across the US, Europe, and Asia.
Oil prices surged more than 3% after President Trump rejected Iran's proposed seven-day truce to reopen the Strait of Hormuz, reigniting supply crisis concerns and inflation fears that weighed on global stock markets and bonds across Europe and Asia.