Oil prices rise and gold hits two-month high after Trump makes new deal demands on Iran – business live

US president demands compensation for damage incurred by US, complicating standoff with Tehran Jefferies analyst Mohit Kumar said: We are back to the situation where there is no war ongoing, but the Strait of Hormuz remains closed. There is little official data to analyse the economic pressure on Iran. Estimates suggest that inflation is running north of 100%, with heavy pressure on essential commodities including food prices. The currency has depreciated by over 95%, though it is not a freely convertible currency and official data is not available. We’re going to ask for money for the damage