· International Finance and Economics 06-11 Published

24-hour financial news: The US and Iran engage in conflict, and the Strait is closed. The Dow Jones Industrial Average plunges, and gold experiences a flash crash.

On June 10, the US military launched a military strike against Iran. Iran immediately announced the closure of the Strait of Hormuz to all ships. Trump threatened to take more actions, including striking Iranian power plants and bridges. The strait carries about 20% of the world's oil transportation. After its closure, more than 160 oil tankers were stranded in the Persian Gulf, and the global energy supply chain is facing a severe challenge.

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