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Oil Prices Fall as Trump Readies 'Most Crushing' Financial Operation Against Iran

Guavy AI Editorial Team
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Hong Kong stocks fell by more than two percent on Monday as investors braced for details of the US plan to isolate Iran's economy, which President Donald Trump called 'the most crushing' financial operation ever against Tehran.

The drop in Hong Kong was led by Alibaba, which plans to issue $10.2 billion in new shares to fund its global artificial intelligence ambitions. This move has investors eager to see how the company will monetize its huge investments in AI.

Oil prices fell 2.3 percent as traders looked for clarity on US monetary policy at this week's gathering of central bankers and finance chiefs in Jackson Hole.

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