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President Trump says he'll end the war soon, when he wants to, as Iran hits ships in and near the Strait of Hormuz and warns U.S.-linked banks will be next.

Brent prices rose 9.4 per cent to $100.58 a barrel, putting pressure on global equities. Futures for the S&P 500 declined 1 per cent while Stoxx Europe 600 futures fell 0.7 per cent. Asian equity ...

While February’s Consumer Price Index report shows only modest price pressures, inflationary risks are rising again as the conflict in the Middle East drags on.