With US and Israel forces continuing to strike targets in Iran, Ayatollah Mojtaba Khamenei said the Strait of Hormuz must remain effectively shut

With US and Israel forces continuing to strike targets in Iran, Ayatollah Mojtaba Khamenei said the Strait of Hormuz must remain effectively shut

Oil prices held around $100 Friday and most equity markets dropped after Iran's leader called for the blocking of the crucial Strait of Hormuz and opening up of new fronts in the war against the United States and Israel.

With the conflict heading towards its third week and showing no signs of ending, investors are growing increasingly worried about an extended crisis that could fan inflation and hammer the global economy.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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