Global Markets Face Volatility as U.S.-Iran Tensions Spike in Hormuz Strait
Market Instability Following Military Escalation Global crude oil prices surged on Tuesday as fresh military clashes between United States and Iranian forces in the Strait of Hormuz sparked widespread fears of supply chain disruptions. Brent crude prices climbed past the $100 per barrel mark, while West Texas Intermediate (WTI) saw an immediate 3% increase, reflecting…