Trump pledges safe Mideast oil transit to counter Iran war fears, as markets fret over potential energy crisis. President Donald Trump vowed the US would ensure secure passage of oil from the Middle East to prevent a spike in prices caused by the ongoing conflict with Iran. This comes as stocks deepen losses amid fading hopes for a swift end to the war, which continues to roil markets and raise economic concerns.

The move seeks to stabilize energy supplies and mitigate investor anxiety about supply disruptions. Oil prices surge on heightened tensions, with analysts warning of knock-on effects on global growth. The pledge represents a direct attempt to reassure markets and prevent a broader economic downturn triggered by potential supply shocks. While the war's duration remains uncertain, Trump's commitment signals a proactive approach to managing energy security risks in a volatile region.

The market's reaction underscores the delicate balance between geopolitical risk and economic stability.