Global Markets React to U.S.-Iran Tensions and Oil Price Fluctuations
World shares showed mixed results following losses on Wall Street, as U.S. stocks retreated from record highs. Oil prices initially rose due to escalating tensions between the U.S. and Iran but later retreated. The U.S. military reported sinking six Iranian small boats targeting civilian ships, while two U.S.-flagged ships successfully passed through the Strait of Hormuz. Despite demands from the U.S. for Iran to reopen the strait, it remains largely closed, affecting oil and gas transport. The U.S. has imposed a sea blockade on Iranian ports, and President Trump's 'Project Freedom' aims to guide stranded ships through the strait. 
