Global Markets Tumble as U.S.-Iran War Escalates, Oil Surges Past $100, and Hormuz Threats Loom

Global markets are facing significant instability due to the ongoing U.S.-Iran war, which has driven oil prices above $100 a barrel and caused major stock indices like the S&P 500 and Nasdaq to fall sharply.Iran's threats to close the Strait of Hormuz have exacerbated fears of prolonged conflict and global economic slowdown, prompting the International Energy Agency to release strategic oil reserves.While some economic indicators remain stable, companies reliant on fuel face losses, and private credit markets show signs of strain, leading analysts to warn of continued market declines until capitulation or a peace resolution.
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