Global Markets Retreat as Iran Conflict Drives Oil Higher
Markets fell on Thursday as oil hit $119 following attacks on energy sites. Investors now expect rate hikes from central banks to manage inflation risks.
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Xurve View
Global financial markets are experiencing a significant sell-off as the escalation of hostilities between Iran and Israel heightens fears of a broader economic crisis. The targeting of energy infrastructure has sent shockwaves through commodity markets, with oil prices climbing to $119 per barrel and European natural gas prices jumping by 22% in a single session.
